Standard&Poor's Ratings Services has assigned its 'AAA' rating to Connecticut's state revolving fund general revenue bonds 2011 series A, and affirmed its 'AAA' rating on the state's general revenue bonds outstanding. The outlook is stable. It is our understanding that the bonds will provide funds to loan to borrowers under the state revolving fund programs. The bonds are issued pursuant to a general revenue bond resolution. Under this general bond resolution, debt service on the bonds is paid from available money, which includes any unpledged assets in the revolving fund--including loan repayments, capitalization grants, and state-match funds. Credit characteristics that support the rating include our assessment of: The federal- and state-defined eligibility criteria for the use of revolving-fund
