NY -- Standard&Poor's CreditWire 10/27/97 -- Standard&Poor's today assigned its double-'A'-minus rating to Connecticut's $150 million special tax obligation bonds (Transportation Infrastructure Purpose) series 1997A. At the same time, Standard&Poor's affirmed its double-'A'-minus rating on the state's outstanding special tax obligation bonds (Transportation Infrastructure Purpose). Positive factors that place the rating in the double-`A' category include: -- Strong legal provisions that limit parity debt issuance and a reserve account funded from bond proceeds at maximum annual debt service, -- Solid debt service coverage with positive trends in pledged revenue receipts, -- Legislative changes that will limit responsibilities placed on the fund and will result in an expenditure reduction of $472 million between 1998 and
