...NEW YORK (Standard & Poor's) Nov. 6, 2015--Standard & Poor's Ratings Services has assigned its '##' rating and negative outlook to the State of Connecticut's $585 million general obligation (GO), 2015 series F bonds and $65 million GO green bonds 2015 series G. 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 consider Connecticut's diverse economic base, which has experienced cyclical performance over time, and high wealth and income levels," said Standard & Poor's credit analyst David Hitchcock. The ratings also reflect what we view as: + Ongoing revenues and expenditures that are near alignment, following significant use of one-time budget balancing measures during the last recession; + Active monitoring of revenues and expenditures to identify...
