Standard&Poor's Ratings Services confirmed the short-term component of its 'AA+/A-1' rating on New York City Municipal Water Finance Authority's fiscal 2008 series BB, subseries BB-5 adjustable-rate water and sewer system second general resolution revenue bonds, due to the bank facility being extended to Oct. 22, 2019. 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 rating on the liquidity facility provider, Bank of America N.A. The stable outlook, applicable solely to the long-term component of the rating, is based on the outlook on the obligor. USPF Criteria: Bank Liquidity Facilities, June 22, 2007
