NY -- Standard&Poor's CreditWire 4/7/98 – Standard&Poor's today assigned its double-'A'-minus rating to Connecticut's $156.36 million special tax obligation refunding bonds transportation infrastructure purpose series 1998A dated April 15, 1998 due Oct. 1, 2014. The bonds are scheduled to sell April 8, 1998. At the same time, Connecticut affirmed its double-'A'-minus rating on its $2.9 billion special tax obligation bonds. The outlook is stable. The rating strengths include the following: -- Strong legal provisions that limit parity debt issuance and a reserve account funded from bond proceeds at maximum annual debt service; -- Solid debt service coverage with positive trends in pledged revenue receipts; -- Approved legislative changes have limited responsibilities placed on the fund and
