S&P Global Ratings assigned its'AA'rating to Metropolitan District of Hartford County (MDC), Connecticut's $70 million clean water project (CWP) bonds, issue of 2026. At the same time, S&P Global Ratings affirmed its'AA'rating on MDC's outstanding general obligation (GO) and CWP revenue bonds. The outlook is stable. The clean water project charge (CWPC) revenue secures the revenue-supported bonds. The district's full-faith-and-credit pledge secures the GO bonds. The CWPC is available only to pay debt service on CWP-related debt and to pay capital expenditures for CWP projects. The surcharge is not available to pay district operating expenses. Under the special obligation indenture that governs the CWP revenue bonds, the rate covenant requires the district to ensure that pledged
