Standard&Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Connecticut's series 2012A $500 million special tax obligation bonds (transportation infrastructure purposes), and series 2012B $125 million special tax obligation refunding bonds (transportation infrastructure purposes). At the same time, Standard&Poor's affirmed its 'AA' rating, with a stable outlook, on the special tax obligation senior parity bonds ($2.6 billion) and second-lien bonds ($498 million). The bonds are secured by a first-lien pledge of revenues to the special transportation fund (STF), paid before operations. The ratings are based on our assessment of: A diverse mix of pledged revenues, in our view, that are levied statewide (population: 3.5 million); Connecticut's continued efforts to maintain a balance between
