S&P Global Ratings assigned its 'AA-' long-term rating to the State of Connecticut 's $500 million general obligation (GO) bonds, 2025 series A, $1.2 billion GO refunding bonds, 2025 series B, and $300 million GO bonds (taxable), 2025 series A. At the same time, we affirmed our 'AA-' long-term rating on the state's GO debt outstanding. We also affirmed our 'AA-/A-1' dual rating on the state's series 2016C GO bonds and on the Capital Region Development Authority 's series 2004B bonds, with liquidity support provided by Bank of America N.A . In addition, we affirmed our 'AA-' rating on debt secured by a special capital reserve fund, which we view to be on par with that of the state GO
