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 2011 series DD subseries 2 second general resolution water and sewer system revenue bonds, and its 'AA+' long-term rating to the authority's fiscal 2014 series BB second general resolution bonds. We also affirmed the 'AA+' underlying rating (SPUR) on the authority's existing second-resolution bonds, as well as the 'AAA' long-term rating on the system's first general resolution revenue bonds. The outlook on all ratings is stable. The short-term component of the series DD bond rating is based a standby bond purchase agreement provided by JPMorgan Chase Bank N.A.. The liquidity facility severally provides coverage for the price of
