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 18, 2011
Published Nov 18, 2011
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Connecticut's series 2011A $250 million special tax obligation bonds (transportation infrastructure purposes), and series 2011B $250 million special tax obligation refunding bonds (transportation infrastructure purposes). At the same time, we affirmed our 'AA' rating, with a stable outlook, on the special tax obligation senior parity bonds ($2.6 billion) and second-lien bonds ($507 million). The bonds are secured by a first-lien pledge of revenues to the special transportation fund (STF), paid before operations. The ratings are based on our assessment of: A diverse mix of pledged revenues, in our view, that are levied statewide (population: 3.5 million); Connecticut's continued efforts to maintain a balance between revenue sources

  
Report Type:

Summary

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Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Connecticut; Gas Tax" Nov 18, 2011. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Connecticut-Gas-Tax-915773>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Connecticut; Gas Tax Nov 18, 2011. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Connecticut-Gas-Tax-915773>
  
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