Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Connecticut's 2010 series A $200 million special tax obligation (STO) bonds; 2010 series B $400 million STO Build America bonds, which are taxable and direct pay; and 2010 series C $100 million STO refunding bonds. The outlook on the ratings on all bonds is stable. All bonds were issued for transportation infrastructure purposes. At the same time, Standard&Poor's affirmed its 'AA' ratings on the STO senior parity bonds ($2.3 billion) and second-lien bonds ($532 million). The bonds are secured by a first-lien pledge of revenues deposited into the special transportation fund (STF), and are paid before operations. The ratings are based on our assessment of: The diverse
