...NEW YORK (Standard & Poor's) July 23, 2015--Standard & Poor's Ratings Services has assigned its '##' rating and negative outlook to the state of Connecticut's general obligation (GO), taxable 2015 series B bonds and GO, 2015 series E bonds. At the same time, Standard & Poor's has affirmed its '##' rating on the state's GO debt outstanding, its '##-' rating on state appropriation-secured debt, and its 'A' rating on Connecticut's moral obligation debt outstanding. The outlook on all debt is negative. "The '##' rating reflects what we view as Connecticut's diverse economic base, which has experienced cyclical performance over time; high wealth and income levels; and capacity to adjust revenues and expenditures, which we believe has provided the state with the flexibility to manage budget volatility," said Standard & Poor's credit analyst David Hitchcock. The rating also reflects what we consider the state's: + Active monitoring of revenues and expenditures to identify mid-fiscal year budget...
