Dec. 2, 2025 2025-XL0723 New York City Municipal Water Finance Authority, water and sewer system second general resolution revenue bonds fiscal 2026 series AA fiscal 2026 subseries AA-1 Bank of America N.A. Loop Capital Markets LLC BofA Securities Inc. Daily S&P Global Ratings assigned its ?AA+/A-1? ratings to the floater receipts, reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the receipts. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying securities and liquidity facility, which is in place to support tender payments on the floaters. The long-term component of our rating on the floaters reflects the ratings on the underlying
