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) 2021 series AA-1 and AA-2 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. In addition, we affirmed our 'A-1+' rating on NYCMWFA's commercial paper (CP) program. We also affirmed our various short-term ratings on NYCMWFA's second-resolution bonds, whose ratings are based on the liquidity support provided by various financial institutions. We consider the outlook for all the long-term ratings currently stable given our belief that NYCMWFA has

...S&P Global Ratings assigned its '##+' rating to the New York City Municipal Water Finance Authority's (NYCMWFA, or New York Water) 2021 series ##-1 and ##-2 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. In addition, we affirmed our 'A-1+' rating on NYCMWFA's commercial paper (CP) program. We also affirmed our various short-term ratings on NYCMWFA's second-resolution bonds, whose ratings are based on the liquidity support provided by various financial institutions. We consider the outlook for all the long-term ratings currently stable given our belief that NYCMWFA has significant financial capability to weather immediate revenue effects which are currently being exacerbated by the response to COVID-19. The outlook or rating could change prior to that if New...

Summary