S&P Global Ratings assigned its'AA+'rating to the New York City Municipal Water Finance Authority's $400 million series 2027CC fixed-rate water and sewer system second general resolution revenue bonds, issued for New York Water (NYW). At the same time, we affirmed our'AA+'rating on the authority's second general resolution bonds outstanding. Last, we affirmed our'A-1+'and'A-1'short-term ratings, where applicable, on the authority's debt outstanding; the ratings are based on the short-term rating on the liquidity provider. The outlook, where applicable, is stable. NYW will use the series 2027CC proceeds to pay for improvements to the system and to pay costs of issuance. All bondholders benefit from a gross revenue pledge, rate covenant, and a
