Connecticut; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation

S&P Global Ratings has assigned its 'A' rating to the State of Connecticut's series 2020A and 2020C general obligation (GO) bonds. We have also affirmed our 'A' rating on the state's GO bonds outstanding, our 'A-' rating on state appropriation-backed debt, and our 'BBB' rating on its moral obligation debt. The outlook on all the ratings is stable. The state is issuing approximately $500 million of series 2020A (taxable) and $400 million of series 2020C (tax-exempt) GO bonds for various capital purposes. The full faith and credit of the state is pledged for the payment of principal and interest on the bonds. Connecticut released updated consensus revenue forecasts at the end of April, projecting a $934.0 million deficit (4.8% of

...S&P Global Ratings has assigned its 'A' rating to the State of Connecticut's series 2020A and 2020C general obligation (GO) bonds. We have also affirmed our 'A' rating on the state's GO bonds outstanding, our 'A-' rating on state appropriation-backed debt, and our '###' rating on its moral obligation debt. The outlook on all the ratings is stable. The state is issuing approximately $500 million of series 2020A (taxable) and $400 million of series 2020C (tax-exempt) GO bonds for various capital purposes. The full faith and credit of the state is pledged for the payment of principal and interest on the bonds....

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