...August 6, 2021 BOSTON (S&P Global Ratings) Aug. 6, 2021--S&P Global Ratings assigned its '##' rating to Metropolitan District Hartford County (MDC), Conn.'s $130.6 million general obligation (GO) bonds, issue of 2021, series A, and $15.3 million GO forward-delivery refunding bonds, series B. At the same time, S&P Global Ratings affirmed its '##' long-term rating on the district's GO bonds outstanding. The outlook is stable. The '##' rating reflects our opinion of the district's: - Affluent service area, which consists of eight member municipalities in the Hartford metropolitan statistical area; - Strong historical financial performance, along with a well-funded rate-stabilization fund; and - Ability to levy unlimited taxes and, if necessary, to do so midyear, along with the district's flexibility to finance operations and capital with cash flow borrowing of up to three years. Partially offsetting these strengths is the district's sizable capital improvement plan, leading to a moderately...
