Standard&Poor's Ratings Services has assigned its 'AA' rating and negative outlook to the state of Connecticut's $250 million general obligation (GO), taxable 2015 series B bonds and $250 million GO 2015 series E GO bonds. At the same time, Standard&Poor's has affirmed its 'AA' rating on the state's GO debt outstanding, its 'AA-' rating on state appropriation-secured debt, and its 'A' rating on Connecticut's moral obligation debt outstanding. The outlook on all debt is negative. The 'AA' rating reflects what we view as Connecticut's: Diverse economic base, which has experienced cyclical performance over time; High wealth and income levels; Capacity to adjust revenues and expenditures, which we believe has provided the state with the flexibility to
