Summary: Connecticut Connecticut Housing Finance Authority; General Obligation Equivalent Security

S&P Global Ratings assigned its 'A' long-term rating to the Connecticut Housing Finance Authority's (CHFA) state-supported special obligation bonds, series 27 (non-AMT), series 28 (non-AMT), series 29 (federally taxable), and series 30 (federally taxable) bonds. The outlook on all the ratings is stable. We base the rating on the security provided by the special needs housing capital reserve fund (series 27, 28, and 30), state assistance agreement fund (series 29), and application of our "Issue Credit Ratings Linked To U.S. Public Finance Obligors? Creditworthiness" criteria (published Jan. 22, 2018, on RatingsDirect). We consider this a general operating pledge and in accordance with our criteria, generally rate these obligations on par with our view of the obligor's general creditworthiness, in this

...S&P Global Ratings assigned its 'A' long-term rating to the Connecticut Housing Finance Authority's (CHFA) state-supported special obligation bonds, series 27 (non-AMT), series 28 (non-AMT), series 29 (federally taxable), and series 30 (federally taxable) bonds. The outlook on all the ratings is stable. We base the rating on the security provided by the special needs housing capital reserve fund (series 27, 28, and 30), state assistance agreement fund (series 29), and application of our "Issue Credit Ratings Linked To U.S. Public Finance Obligors' Creditworthiness" criteria (published Jan. 22, 2018, on RatingsDirect). We consider this a general operating pledge and in accordance with our criteria, generally rate these obligations on par with our view of the obligor's general creditworthiness, in this case, the State of Connecticut [general obligation (GO) debt rated 'A/Stable']. Certain other separate state authorities also have bonds secured by the state special capital reserve fund. The...

Summary