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S&P Credit Research1047 word report
published Nov 04, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Nov. 4, 2009--Standard&Poor's Ratings Services assigned its 'AA' rating to the State of Connecticut's general obligation (GO) economic recovery notes series 2009A. In addition, we affirmed the 'AA' rating on the state's $13 billion of outstanding parity debt. "The 'AA' long-term GO rating reflects our opinion of Connecticut's substantial and diverse economic base despite significant declines in key sectors over the past year; high wealth and income levels; capacity to adjust revenues, which we believe has provided some flexibility to manage budget volatility; active monitoring of revenues to identify shortfalls; and adequate liquidity despite the recent shortfalls," said Standard&Poor's credit analyst Robin Prunty. Proceeds of this issue are expected to fund
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| Brief Excerpt: | RESEARCH Ratings Definitions Connecticut's GO Economic Recovery Notes Series 2009A Assigned '##' Rating; Outlook Stable Publication date: 04-Nov-2009 Primary Credit Analyst: Robin Prunty, New York (1) 212-438-2081; robin_prunty@standardandpoors.com...
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| Report Type: | Ratings Action
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| Issuer: | Connecticut
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Summary: Connecticut; General Obligation $175.00
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- Summary: Connecticut; General Obligation $175.00
Standard&Poor's Ratings Services assigned its 'AA' rating to the State of Connecticut's general obligation (GO) economic recovery notes series 2009A. In addition, we affirmed the 'AA' rating on the state's $13 billion of outstanding parity ...
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- Connecticut; Gas Tax $400.00
Standard&Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Connecticut's $250 million special tax obligation (STO) bonds transportation infrastructure purposes, 2009 series A; $250 million STO bonds transportation ...
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- S&P Corrects Rating On Connecticut's Series 2002E Bonds To 'AA' $100.00
NEW YORK (Standard&Poor's) Sept. 1, 2009--Standard&Poor's Ratings Services corrected its rating to 'AA/Stable' from 'AAA/Negative' on the State of Connecticut's series 2002E general obligation (GO) refunding bonds due Nov. 15, 2012 (CUSIP no. ...
- Summary: Short-Term Ratings On Three Fleet National Bank Liquidity Facility-Backed Issues Lowered To 'A-1'; CP; Gas Tax; System $175.00
Standard&Poor's Ratings Services lowered its short-term ratings on three Fleet National Bank liquidity facility-backed issues to 'A-1' from 'A-1+'. This action follows Standard&Poor's downgrade of Fleet National Bank to 'A+/A-1' from 'AA-/A-1+'. ...
- Summary: Connecticut Housing Finance Authority; General Obligation Equivalent Security $175.00
Standard&Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to the Connecticut Housing Finance Authority's $36.65 million series 10 and $510,000 series 11 (federally taxable) state-supported special obligation bonds. ...
