NEW YORK (Standard&Poor's) Oct. 2, 2003--Standard&Poor's Ratings Services said today that it affirmed its 'AAA' rating on Connecticut Development Authority's $62 million pollution control revenue bonds (Connecticut Light&Power Co. project - 1996 series). As of the conversion date (Oct. 1, 2003), the bonds will no longer have a short-term mode, which required a standby letter of credit. Therefore, the short-term rating no longer applies. The bonds have been changed to a five-year mode and principal and interest are fully and unconditionally guaranteed by AMBAC. Therefore the bonds carry a AAA long term rating. The underlying corporate credit rating on Connecticut Light&Power remains at BBB+. The outlook is stable. Complete ratings information is
