Summary: Connecticut; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation

Standard&Poor's Ratings Services has assigned its 'AA' rating and negative outlook to the State of Connecticut's $550 million general obligation (GO), 2016 series A 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: High wealth and income levels; Diverse economic base, which has experienced cyclical performance over time; Ongoing revenues and expenditures that are near structural alignment, assuming the governor's recommended mid-biennium cuts are enacted; Active monitoring of revenues and expenditures to identify and correct

...Standard & Poor's Ratings Services has assigned its '##' rating and negative outlook to the State of Connecticut's $550 million general obligation (GO), 2016 series A bonds. At the same time, Standard & Poor's has affirmed its '##' rating on the state's GO debt outstanding, its '##-' 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 '##' rating reflects what we view as Connecticut's:...

Summary