Summary: Connecticut; Gas Tax - S&P Global Ratings’ Credit Research

Summary: Connecticut; Gas Tax

Summary: Connecticut; Gas Tax - S&P Global Ratings’ Credit Research
Summary: Connecticut; Gas Tax
Published Nov 13, 2024
6 pages (2737 words) — Published Nov 13, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA' long-term rating to Connecticut's approximately $231.2 million senior-lien special tax obligation (STO) bonds, 2024 series A-1, approximately $768.8 million STO bonds, 2024 series A-2, and approximately $380 million STO refunding bonds, 2024 series B. At the same time, S&P Global Ratings affirmed its 'AA' long-term and underlying (SPUR) ratings on the state's $7.79 billion senior-lien STO bonds outstanding. The outlook is stable. The state's 2024 series A-1, 2024 series A-2, 2024 series B, and STO bonds outstanding are secured by a first-lien pledge of revenues collected statewide that are credited to and deposited into the state's special transportation fund (STF). In accordance with the enabling act and bond provisions, pledged revenues are appropriated and

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##' long-term rating to Connecticut's approximately $231.2 million senior-lien special tax obligation (STO) bonds, 2024 series A-1, approximately $768.8 million STO bonds, 2024 series A-2, and approximately $380 million STO refunding bonds, 2024 series B. + At the same time, S&P Global Ratings affirmed its '##' long-term and underlying (SPUR) ratings on the state's $7.79 billion senior-lien STO bonds outstanding. + The outlook is stable....

  
Report Type:

Summary

Issuer
Connecticut
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Connecticut; Gas Tax" Nov 13, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Connecticut-Gas-Tax-3297832>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Connecticut; Gas Tax Nov 13, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Connecticut-Gas-Tax-3297832>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.