Summary: Connecticut Connecticut Health&Educational Facilities Authority; General Obligation; General Obligation Equivalent Security

S&P Global Ratings assigned its 'A' rating to the Connecticut Health&Educational Facilities Authority's (Connecticut State University System issue) revenue bonds series Q-1 and revenue refunding bonds series Q-2, issued for the State of Connecticut. At the same time, S&P Global Ratings affirmed its 'A' rating on the authority's parity debt outstanding. The outlook is positive. The positive outlook reflects the increased likelihood that Connecticut will maintain recently replenished reserves at what we view as strong levels, and that its high debt levels could moderate if the governor's proposal for a new "debt diet" is carried through into policy. Currently, Connecticut remains the only state with a high enough debt load to trigger a one-notch downward override rating adjustment

...S&P Global Ratings assigned its 'A' rating to the Connecticut Health & Educational Facilities Authority's (Connecticut State University System issue) revenue bonds series Q-1 and revenue refunding bonds series Q-2, issued for the State of Connecticut. At the same time, S&P Global Ratings affirmed its 'A' rating on the authority's parity debt outstanding. The outlook is positive. The positive outlook reflects the increased likelihood that Connecticut will maintain recently replenished reserves at what we view as strong levels, and that its high debt levels could moderate if the governor's proposal for a new "debt diet" is carried through into policy. Currently, Connecticut remains the only state with a high enough debt load to trigger a one-notch downward override rating adjustment under our state rating methodology. During our two-year outlook horizon, we could raise the state general obligation (GO) rating if we believe Connecticut's currently high debt level might moderate; or if we believe...

Summary