Standard&Poor's Ratings Services confirmed its 'AAA/A-1+' rating on New York City Municipal Water Finance Authority's fiscal 2012 series B, subseries B-1, B-2, B-3, and B-4 adjustable-rate water and sewer system revenue bonds, due to the bank facility being extended to March 6, 2018. The long-term component of the rating is based on the rating on the obligor, New York City Municipal Water Finance Authority. The short-term component of the rating is based on the short-term ratings on the liquidity facility providers, which are: For subseries B-1, U.S. Bank National Assn. (A-1+); For subseries B-2, California Public Employees Retirement System (A-1+); For subseries B-3, State Street Bank&Trust Co. (A-1+); and For subseries B-4, The Northern Trust Co.
