The Official Home Page of The NYC Municipal Water Finance Authority
CITY MUNICIPAL WATER FINANCE AUTHORITY
There is expected to be a one day retail order period for serial maturities from 2007 to 2016, which will be issued under NYW’s second resolution. NYW also expects to issue longer-dated term-bonds under its first resolution.
The proceeds will be used to redeem outstanding commercial paper, the proceeds of which were used to finance the ongoing capital improvement plan of the New York City Department of Environmental Protection.
Standard & Poor’s rates
NYW’s first resolution bonds at AA+ and NYW’s second resolution bonds
at AA. Moody’s Investors Service rates NYW’s first resolution bonds
at Aa2 and NYW’s second resolution bonds at Aa3. Fitch Ratings rates
NYW’s first and second resolution bonds at AA.