Fitch Confirms NYC Muni Water Fin Auth, CP Notes, Series One at F1+'

NEW YORK--(Business Wire)--
Fitch Ratings confirms the 'F1+' rating assigned to the $200,000,000 New York
City Municipal Water Finance Authority ('Authority'), commercial paper notes,
series one ('notes'). Effective July 15, 2009, a liquidity facility in the form
of a line of credit agreement ('line of credit') provided by JPMorgan Chase
Bank, National Association ('JPM'), will replace the line of credit severally
provided by JPM and Dexia Credit Local, acting through its New York Branch.

On the effective date of the line of credit, the 'F1+' rating assigned to the
notes will be based on both the internal liquidity support provided by the
authority and the external support provided by the line of credit. The rating
will expire on the earlier of July 14, 2010, the expiration date of the line of
credit, or any prior termination of the line of credit. Barclays Capital Inc. is
the dealer.

Fitch's rating definitions and the terms of use of such ratings are available on
the agency's public site, www.fitchratings.com. Published ratings, criteria and
methodologies are available from this site, at all times. Fitch's code of
conduct, confidentiality, conflicts of interest, affiliate firewall, compliance
and other relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings, New York
Mary Jane Ziga, 212-908-0529
Trudy Zibit, 212-908-0689
(for information on the notes)
Christopher Hessenthaler, 212-908-0773
(for information on the authority)
or
Media Relations:
Cindy Stoller, 212-908-0526
Email: cindy.stoller@fitchratings.com

Copyright Business Wire 2009