Connecticut $150M Special Tax Obligation Bonds Rated 'AA-' - S&P Global Ratings’ Credit Research

Connecticut $150M Special Tax Obligation Bonds Rated 'AA-'

Connecticut $150M Special Tax Obligation Bonds Rated 'AA-' - S&P Global Ratings’ Credit Research
Connecticut $150M Special Tax Obligation Bonds Rated 'AA-'
Published Nov 11, 1999
Published Nov 11, 1999
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's CreditWire) Nov. 11, 1999--Standard&Poor's today assigned its double-'A'-minus rating to Connecticut's $150 million special tax obligation bonds (transportation infrastructure purpose) series 1999A due Dec. 1, 2000-2019. The bonds are scheduled to price on Nov. 17, 1999. In addition, Standard&Poor's affirmed its double-'A'-minus rating on the state's outstanding special tax obligation bonds (transportation infrastructure purpose). The rating reflects these strengths: -- Strong legal provisions, which limit parity debt issuance and include a fully funded reserve account; -- Solid debt service coverage of maximum annual debt service (MADS) with stable trends in pledged revenue receipts; -- The state's continued efforts to maintain the integrity of the transportation fund by balancing revenue sources and

  
Report Type:

Ratings Action

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Sector
Global Issuers, Public Finance, Structured Finance
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Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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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MLA:
S&P Global Ratings’ Credit Research. "Connecticut $150M Special Tax Obligation Bonds Rated 'AA-'" Nov 11, 1999. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Connecticut-150M-Special-Tax-Obligation-Bonds-Rated-AA-131280>
  
APA:
S&P Global Ratings’ Credit Research. (). Connecticut $150M Special Tax Obligation Bonds Rated 'AA-' Nov 11, 1999. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Connecticut-150M-Special-Tax-Obligation-Bonds-Rated-AA-131280>
  
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