Fitch rates New York City Municipal Water bonds AA

Fitch Ratings said it assigned an AA rating to New York City Municipal Water Finance Authority's approximately $150 million of water and sewer system first general resolution revenue bonds, 2008 series C.

Pricing of the bonds is expected on March 13 by a negotiated sale.

Fitch also said it affirmed the AA rating on the authority's approximately $10.3 billion of outstanding first general resolution revenue bonds and the same rating on the authority's approximately $7.5 billion of outstanding second general resolution revenue bonds.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.