Standard&Poor's Ratings Services assigned its 'AA+/A-1' rating and stable outlook to New York City Municipal Water Finance Authority's (NYCMWFA) fiscal 2014 series AA, subseries 1 through 6 second general resolution water and sewer system revenue bonds. We also affirmed the 'AA+/A-1' ratings and 'AA+' underlying ratings (SPURs), with a stable outlook, on the authority's existing second-resolution bonds, as well as the 'AAA' long-term rating and stable outlook on the system's first general resolution revenue bonds. The short-term component of the rating is based on two severally liable standby bond purchase agreements provided as follows: 2014 AA-1 bonds and fiscal 2014 AA-2 bonds is provided by JPMorgan Chase Bank N.A.; 2014 AA-3 bonds is provided by TD Bank N.A.;
