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S&P rates N.Y. water bonds AAA, AA
Standard & Poor's said it assigned an AAA rating and stable outlook to the New York State Environmental Facilities Corp.'s $262.64 million of series 2008A state clean water and drinking water revolving fund revenue bonds (second-resolution bonds) issued for New York City Municipal Water Finance Authority.
S&P also said it assigned an AA rating and stable outlook to the corporation's $218.925 million of series 2008B state clean water and drinking water revolving fund revenue (second-resolution bonds) subordinated SRF bonds issued for the authority.
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