Summary: New York City Municipal Water Finance Authority, New York; CP; Water/Sewer

S&P Global Ratings assigned its 'AA+' long-term rating to New York City Municipal Water Finance Authority's (New York Water) anticipated $500 million series 2022CC-1 and 2022CC-2 and $100 million series 2022DD water and sewer system second general resolution revenue bonds. At the same time, S&P Global Ratings affirmed its: 'AAA' rating on New York Water's outstanding first general resolution debt; 'AA+' rating on the system's existing second general resolution debt; and 'A-1+' and 'A-1' short-term rating on the system's various debt, where applicable. The outlook, where applicable, is stable. The 'AA+' long-term rating reflects our view of the general creditworthiness of New York Water. We rate the first general resolution (senior) issues 'AAA'. We maintain a one-notch difference between the

...S&P Global Ratings assigned its '##+' long-term rating to New York City Municipal Water Finance Authority's (New York Water) anticipated $500 million series 2022CC-1 and 2022CC-2 and $100 million series 2022DD water and sewer system second general resolution revenue bonds. At the same time, S&P Global Ratings affirmed its: + '###' rating on New York Water's outstanding first general resolution debt; + '##+' rating on the system's existing second general resolution debt; and + 'A-1+' and 'A-1' short-term rating on the system's various debt, where applicable. The outlook, where applicable, is stable. The '##+' long-term rating reflects our view of the general creditworthiness of New York Water. We rate the first general resolution (senior) issues '###'. We maintain a one-notch difference between the first and second general resolution bonds based primarily on the active utilization of both, even if most of the outstanding debt is second in priority. New York Water has approximately $889.9...

Summary