March 6, 2025 2025-XF1834 New York City Municipal Water Finance Authority's series 2025BB water-and-sewer-system second general-resolution revenue bonds JPMorgan Chase Bank N.A. FMSbonds Inc. BofA Securities Inc. Weekly S&P Global Ratings assigned the above-mentioned 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 securities and addresses full and timely interest-and-principal payments when receiptholders have not
