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

S&P Global Ratings assigned its 'A' long-term rating to the State of Connecticut's series 2021A general obligation (GO) bonds. At the same time, we affirmed our 'A' long-term rating and underlying rating (SPUR) on the state's GO debt outstanding and our 'A/A-1' rating on its series 2016C (GO) and 2004B (contract assistance) bonds, our 'A-' rating on state appropriation-backed debt, and our 'BBB' rating on its moral obligation debt. The outlook on all the ratings is stable. Connecticut is issuing approximately $800 million series 2021A bonds to fund various capital projects throughout the state. The bonds are GOs of the state for which its full faith and credit have been pledged for repayment of principal and interest. S&P Global Ratings

...S&P Global Ratings assigned its 'A' long-term rating to the State of Connecticut's series 2021A general obligation (GO) bonds. At the same time, we affirmed our 'A' long-term rating and underlying rating (SPUR) on the state's GO debt outstanding and our 'A/A-1' rating on its series 2016C (GO) and 2004B (contract assistance) bonds, our 'A-' rating on state appropriation-backed debt, and our '###' rating on its moral obligation debt. The outlook on all the ratings is stable. Connecticut is issuing approximately $800 million series 2021A bonds to fund various capital projects throughout the state. The bonds are GOs of the state for which its full faith and credit have been pledged for repayment of principal and interest....

Summary