S&P Global Ratings assigned its 'AA-' long-term rating to Connecticut 's $800 million series 2025C general obligation (GO) bonds, $300 million 2025D GO refunding bonds, and $300 million 2025B GO (taxable) bonds. 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 rating as state-supported GO-equivalent securities, including various issues by the
