Connecticut's Series 2015B-D General Obligation Bonds Rated 'AA' With A Negative Outlook; GO Debt Affirmed At 'AA'

NEW YORK (Standard&Poor's) May 6, 2015--Standard&Poor's Ratings Services has assigned its 'AA' rating and negative outlook to the state of Connecticut's $500 million general obligation (GO) bonds, series 2015 series B; $200 million GO bonds, 2015 series C Securities Industry And Financial Markets Association (SIFMA) Index; and $280 million GO refunding bonds, 2015 series D SIFMA Index. At the same time, Standard&Poor's has affirmed its 'AA' rating on the state's GO debt outstanding, its 'AA-' 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 SIFMA Index bonds will be unhedged variable-rate bonds due June 15, the series C SIFMA Index

...NEW YORK (Standard & Poor's) May 6, 2015--Standard & Poor's Ratings Services has assigned its '##' rating and negative outlook to the state of Connecticut's $500 million general obligation (GO) bonds, series 2015 series B; $200 million GO bonds, 2015 series C Securities Industry And Financial Markets Association (SIFMA) Index; and $280 million GO refunding bonds, 2015 series D SIFMA Index. 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 SIFMA Index bonds will be unhedged variable-rate bonds due June 15, the series C SIFMA Index bonds will be due 2017-2024, and the series D SIFMA Index bonds will be due 2016-2023. Interest will be paid monthly, at the weekly SIFMA Index rate plus or minus a fixed number of fixed basis points set at time of sale, but not to exceed 10%. The...

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