Connecticut Special Tax Obligation Bonds Rated 'AA'; Outlook Stable - S&P Global Ratings’ Credit Research

Connecticut Special Tax Obligation Bonds Rated 'AA'; Outlook Stable

Connecticut Special Tax Obligation Bonds Rated 'AA'; Outlook Stable - S&P Global Ratings’ Credit Research
Connecticut Special Tax Obligation Bonds Rated 'AA'; Outlook Stable
Published Oct 26, 2009
Published Oct 26, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Oct. 26, 2009--Standard&Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Connecticut's $250 million special tax obligation (STO) bonds transportation infrastructure purposes, 2009 series A; $250 million STO bonds transportation infrastructure purposes, 2009 series B (Taxable Build America Bonds - Direct Pay); and $50 million STO refunding bonds transportation infrastructure purposes, 2009 series C. At the same time, we affirmed the 'AA' ratings on the STO senior parity bonds ($2 billion) and second-lien bonds ($556 million) outstanding. The bonds are secured by a first-lien pledge of revenues to the special transportation fund (STF), paid before operations. The ratings are based on our assessment of: A diverse mix of pledged revenues

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Connecticut Special Tax Obligation Bonds Rated 'AA'; Outlook Stable" Oct 26, 2009. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Connecticut-Special-Tax-Obligation-Bonds-Rated-AA-Outlook-Stable-753524>
  
APA:
S&P Global Ratings’ Credit Research. (). Connecticut Special Tax Obligation Bonds Rated 'AA'; Outlook Stable Oct 26, 2009. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Connecticut-Special-Tax-Obligation-Bonds-Rated-AA-Outlook-Stable-753524>
  
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