Connecticut Series 2024A And B Special Tax Obligation Bonds Rated ?AA?; Outlook Is Stable - S&P Global Ratings’ Credit Research

Connecticut Series 2024A And B Special Tax Obligation Bonds Rated ?AA?; Outlook Is Stable

Connecticut Series 2024A And B Special Tax Obligation Bonds Rated ?AA?; Outlook Is Stable - S&P Global Ratings’ Credit Research
Connecticut Series 2024A And B Special Tax Obligation Bonds Rated ?AA?; Outlook Is Stable
Published Nov 13, 2024
3 pages (1594 words) — Published Nov 13, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Nov. 13, 2024--S&P Global Ratings assigned its 'AA' long-term rating to Connecticut's approximately $231.2 million senior-lien special tax obligation (STO) bonds, 2024 series A-1, approximately $768.8 million STO bonds, 2024 series A-2, and approximately $380 million STO refunding bonds, 2024 series B. At the same time, S&P Global Ratings affirmed its 'AA' long-term and underlying (SPUR) ratings on the state's $7.79 billion senior-lien STO bonds outstanding. The outlook is stable. The state's 2024 series A-1, 2024 series A-2, 2024 series B, and STO bonds outstanding are secured by a first-lien pledge of revenues collected statewide that are credited to and deposited into the state's special transportation fund (STF). In accordance with the enabling act and

  
Brief Excerpt:

...November 13, 2024 NEW YORK (S&P Global Ratings) Nov. 13, 2024--S&P Global Ratings assigned its '##' long-term rating to Connecticut's approximately $231.2 million senior-lien special tax obligation (STO) bonds, 2024 series A-1, approximately $768.8 million STO bonds, 2024 series A-2, and approximately $380 million STO refunding bonds, 2024 series B. At the same time, S&P Global Ratings affirmed its '##' long-term and underlying (SPUR) ratings on the state's $7.79 billion senior-lien STO bonds outstanding. The outlook is stable. The state's 2024 series A-1, 2024 series A-2, 2024 series B, and STO bonds outstanding are secured by a first-lien pledge of revenues collected statewide that are credited to and deposited into the state's special transportation fund (STF). In accordance with the enabling act and bond provisions, pledged revenues are appropriated and do not require further legislative approval. Pledged revenues include: - A portion of the state's general retail sales and use tax,...

  
Report Type:

Ratings Action

Issuer
Connecticut
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Connecticut Series 2024A And B Special Tax Obligation Bonds Rated ?AA?; Outlook Is Stable" Nov 13, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Connecticut-Series-2024A-And-B-Special-Tax-Obligation-Bonds-Rated-AA-Outlook-Is-Stable-3297813>
  
APA:
S&P Global Ratings’ Credit Research. (). Connecticut Series 2024A And B Special Tax Obligation Bonds Rated ?AA?; Outlook Is Stable Nov 13, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Connecticut-Series-2024A-And-B-Special-Tax-Obligation-Bonds-Rated-AA-Outlook-Is-Stable-3297813>
  
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