The Upper Mohawk Valley Regional Water Finance Authority's settlement with the New York Canal Corp. is a credit positive, Moody's Investors Service said.

On July 11 the authority, which serves 130,000 with water drawn from the Hinckley Reservoir, announced a legal settlement that will ensure that it will have adequate rights to draw water from that reservoir.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.