Summary: New York City Municipal Water Finance Authority; Water/Sewer - S&P Global Ratings’ Credit Research

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

Summary: New York City Municipal Water Finance Authority; Water/Sewer - S&P Global Ratings’ Credit Research
Summary: New York City Municipal Water Finance Authority; Water/Sewer
Published Mar 08, 2018
4 pages (1306 words) — Published Mar 08, 2018
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings affirmed the short-term component of its 'AAA/A-1+' dual rating on New York City Municipal Water Finance Authority's (NYCMWFA) series 2012B-2, 2012B-3, and 2012B-4 adjustable-rate water and sewer system revenue bonds. The outlook is stable. The affirmation reflects our view of the replacement of the standby-bond-purchase agreements (SBPAs) provided by California Public Employees' Retirement System for the series 2012B-2 bonds and Northern Trust Co. for the series 2012B-4 bonds with a new SPBA provided by State Street Bank&Trust Co. effective March 7, 2018. State Street Bank&Trust Co. will remain the SBPA provider for NYCMWFA's series 2012B-3 bonds, and the new SBPA will cover all three subseries. The long-term component of the rating continues to

  
Brief Excerpt:

...Primary Credit Analyst: Lisa Ardolina, New York (1) 212-438-3810; lisa.ardolina@spglobal.com Secondary Contact: Joseph J Mckeever, New York (212) 438-2260; joseph.mckeever@spglobal.com Research Contributor: Suraj Tamhane, CRISIL Global Analytical Center, an S&P Global Ratings affiliate, Mumbai...

  
Report Type:

Summary

Issuer
New York City Mun Wtr Fin Auth
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: New York City Municipal Water Finance Authority; Water/Sewer" Mar 08, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-York-City-Municipal-Water-Finance-Authority-Water-Sewer-2003950>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: New York City Municipal Water Finance Authority; Water/Sewer Mar 08, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-York-City-Municipal-Water-Finance-Authority-Water-Sewer-2003950>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.