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S&P Credit Research2017 word report
published Nov 04, 2009
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S&P Credit Research
| Abstract: | 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. In our view, despite these strong fundamentals, the state has a long history of what we consider highly cyclical budget performance, which has
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Connecticut; General Obligation Publication date: 04-Nov-2009 Primary Credit Analyst: Robin Prunty, New York (1) 212-438-2081; robin_prunty@standardandpoors.com Secondary Credit Analyst: David...
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| Report Type: | Summary
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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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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.
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- Summary: Connecticut; General Obligation $175.00
Standard&Poor's Ratings Services assigned its 'AA' rating to Connecticut's $165.75 million general obligation (GO) bonds, series 2009D. Standard&Poor's also affirmed its 'AA' rating on the state's GO debt. Based on strong demand for the state's ...
- Connecticut's GO Economic Recovery Notes Series 2009A Assigned 'AA' Rating; Outlook Stable $100.00
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- Connecticut; Gas Tax $400.00
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- 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
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