Research Update: New York City Municipal Water Finance Authority $175 Million Second General Resolution Revenue Bonds Rated 'AA+/A-1' - S&P Global Ratings’ Credit Research

Research Update: New York City Municipal Water Finance Authority $175 Million Second General Resolution Revenue Bonds Rated 'AA+/A-1'

Research Update: New York City Municipal Water Finance Authority $175 Million Second General Resolution Revenue Bonds Rated 'AA+/A-1' - S&P Global Ratings’ Credit Research
Research Update: New York City Municipal Water Finance Authority $175 Million Second General Resolution Revenue Bonds Rated 'AA+/A-1'
Published Jan 20, 2026
4 pages (2081 words) — Published Jan 20, 2026
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+/A-1' rating to the New York City Municipal Water Finance Authority 's (also known as New York Water [NYW]) $175 million 2026 subseries CC water and sewer system second general resolution revenue bonds. The outlook is stable. All bondholders benefit from a gross revenue pledge and a statutory, perfected lien. The second-resolution bonds do not benefit from a debt service reserve fund. NYW plans to use series 2026CC bond proceeds to finance capital projects. Current law does not authorize NYW or the board to declare bankruptcy. While we don't rate to recovery, we consider the presence of a statutorily perfected lien and limitations around bankruptcy as positive structural provisions. The 'AA+' long-term component of the

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+/A-1' rating to the New York City Municipal Water Finance Authority's (also known as New York Water [NYW]) $175 million 2026 subseries ## water and sewer system second general resolution revenue bonds....

  
Report Type:

Research Update

Issuer
New York City Municipal Water Finance Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: New York City Municipal Water Finance Authority $175 Million Second General Resolution Revenue Bonds Rated 'AA+/A-1'" Jan 20, 2026. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-New-York-City-Municipal-Water-Finance-Authority-175-Million-Second-General-Resolution-Revenue-Bonds-Rated-AA-A-1-3505138>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: New York City Municipal Water Finance Authority $175 Million Second General Resolution Revenue Bonds Rated 'AA+/A-1' Jan 20, 2026. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-New-York-City-Municipal-Water-Finance-Authority-175-Million-Second-General-Resolution-Revenue-Bonds-Rated-AA-A-1-3505138>
  
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