Standard&Poor's Ratings Services has assigned its 'AA' long-term rating, and stable outlook, to Connecticut's second-lien special tax obligation refunding bonds, 2008 series 1, for transportation infrastructure purposes. At the same time we affirmed the 'AA' ratings, with stable outlooks, on the special tax obligation second-lien parity bonds and senior lien bonds outstanding. Since we believe the legal structure of the second-lien bonds is in many ways similar to the senior-lien bonds (including a 2x times debt service coverage and additional bonds requirement), and coverage is good, Standard&Poor's does not make a rating distinction between senior and second-lien bonds outstanding. Bond proceeds will be used to refund series 2000-1, 2003-1, and 2003-2 variable rate bonds outstanding for
