Summary: New York City Municipal Water Finance Authority; CP; State Revolving Funds/Pools; Water/Sewer

S&P Global Ratings assigned its 'AA+' rating to the New York City Municipal Water Finance Authority's (NYCMWFA, or New York Water) series 2018CC water and sewer system second general resolution revenue bonds. At the same time, we affirmed our 'AAA' unenhanced long-term rating on the system's first general resolution revenue bonds and our 'AA+' underlying ratings (SPURs) on the authority's existing second-resolution bonds. Additionally, we affirmed our 'A-1+' rating on NYCMWFA's commercial paper (CP) program. The outlook is stable for all long-term ratings. We also affirmed various short-term ratings on NYMWFA's second-resolution bonds, whose ratings are based on the liquidity support provided by various financial institutions. The ratings on certain CUSIPs have been removed because certain maturities were either defeased

...S&P Global Ratings assigned its '##+' rating to the New York City Municipal Water Finance Authority's (NYCMWFA, or New York Water) series 2018CC water and sewer system second general resolution revenue bonds. At the same time, we affirmed our '###' unenhanced long-term rating on the system's first general resolution revenue bonds and our '##+' underlying ratings (SPURs) on the authority's existing second-resolution bonds. Additionally, we affirmed our 'A-1+' rating on NYCMWFA's commercial paper (CP) program. The outlook is stable for all long-term ratings. We also affirmed various short-term ratings on NYMWFA's second-resolution bonds, whose ratings are based on the liquidity support provided by various financial institutions. The ratings on certain CUSIPs have been removed because certain maturities were either defeased or the CUSIPs are no longer outstanding due to an exchange with other CUSIPs. The 2018CC bond proceeds will be used to pay the costs of improvements to the system and refund...

Summary