Summary: Connecticut; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation; Public Coll/Univ - Unlimited Student Fees

S&P Global Ratings assigned its 'AA-' long-term rating to the State of Connecticut's $400 million general obligation (GO) bonds, 2024 series A; $250 million GO bonds, 2024 series B; and $190 million GO refunding bonds, 2024 series C. At the same time, we affirmed our 'AA-' long-term rating on the state's approximately $16.9 billion in GO debt outstanding. We also affirmed our 'AA-/A-1' dual rating on the state's series 2016C GO bonds and on the Capital Region Development Authority's series 2004B bonds, with liquidity support provided by Bank of America. In addition, we affirmed our 'AA-' rating on debt secured by a special capital reserve fund, which we view to be on par with that of the state GO rating

...+ S&P Global Ratings assigned its '##-' long-term rating to the State of Connecticut's $400 million general obligation (GO) bonds, 2024 series A; $250 million GO bonds, 2024 series B; and $190 million GO refunding bonds, 2024 series C. + At the same time, we affirmed our '##-' long-term rating on the state's approximately $16.9 billion in GO debt outstanding. + We also affirmed our '##-/A-1' dual rating on the state's series 2016C GO bonds and on the Capital Region Development Authority's series 2004B bonds, with liquidity support provided by Bank of America. + In addition, we affirmed our '##-' rating on debt secured by a special capital reserve fund, which we view to be on par with that of the state GO rating as state-supported GO-equivalent securities, including various issues by the Connecticut Housing Finance Authority, the Connecticut Health & Educational Facilities Authority, and Connecticut Green Bank. + We also affirmed our 'A+' rating on the state's appropriation-secured debt...

Summary