Connecticut Outlook Revised To Positive On Increased Likelihood Of Strong Reserve Levels; 2019A GO Bonds Rated 'A'

NEW YORK (S&P Global Ratings) March 19, 2019--S&P Global Ratings has revised its outlook on the State of Connecticut to positive from stable and affirmed its 'A' rating on approximately $18.3 billion of the state's general obligation (GO) bonds outstanding, its 'A-' rating on state appropriation-backed debt, and its 'BBB' rating on the state moral obligation debt. At the same time, S&P Global Ratings has assigned its 'A' rating to Connecticut's $600 million general obligation (GO) bonds, 2019 series A, and $250 million taxable GO bonds, 2019 series A. The outlook on the bonds is positive. We have also revised our outlook on Connecticut's special tax obligation transportation fund secured debt, to positive from stable, and affirmed our 'A+' rating

...NEW YORK (S&P Global Ratings) March 19, 2019--S&P Global Ratings has revised its outlook on the State of Connecticut to positive from stable and affirmed its 'A' rating on approximately $18.3 billion of the state's general obligation (GO) bonds outstanding, its 'A-' rating on state appropriation-backed debt, and its '###' rating on the state moral obligation debt. At the same time, S&P Global Ratings has assigned its 'A' rating to Connecticut's $600 million general obligation (GO) bonds, 2019 series A, and $250 million taxable GO bonds, 2019 series A. The outlook on the bonds is positive. We have also revised our outlook on Connecticut's special tax obligation transportation fund secured debt, to positive from stable, and affirmed our 'A+' rating on the debt, which under our priority-lien criteria is limited to one notch above our GO rating. "The outlook change to positive reflects the increased likelihood that Connecticut will preserve recently replenished reserves at what we view as strong...

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