S&P Global Ratings Services assigned its 'AA+/A-1' rating to New York City Municipal Water Finance Authority's anticipated $200 million 2023 series CC water and sewer system second general resolution revenue bonds, issued on behalf of New York Water. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the authority's first general resolution bonds and its 'AA+' rating on the authority's second general resolution bonds outstanding. The outlook, where applicable, is stable. The 'AA+' long-term component of the rating reflects our view of the authority's credit characteristics. The 'A-1' short-term component of the rating reflects our view of the standby bond purchase agreement (SBPA) provided by Barclays Bank PLC, effective Feb. 16, 2023. The SBPA will cover principal
