Summary: Connecticut; Revenue - Transportation, Miscellaneous Tax Revenue; Revenue - Utility, Other - S&P Global Ratings’ Credit Research

Summary: Connecticut; Revenue - Transportation, Miscellaneous Tax Revenue; Revenue - Utility, Other

Summary: Connecticut; Revenue - Transportation, Miscellaneous Tax Revenue; Revenue - Utility, Other - S&P Global Ratings’ Credit Research
Summary: Connecticut; Revenue - Transportation, Miscellaneous Tax Revenue; Revenue - Utility, Other
Published Jul 06, 2000
Published Jul 06, 2000
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Abstract:

The rating on Connecticut's bonds reflects: Strong legal provisions that limit parity debt issuance, coupled with a fully funded reserve account; Solid debt service coverage of maximum annual debt service (MADS), with positive trends in pledged revenue receipts; and The state's continued efforts to maintain a balance between revenue sources and programmatic responsibilities, even while reducing the state gas tax rate. Credit risks include: A sizable but well-defined capital improvement program that includes annual future debt issuance, and A concentrated pledged revenue stream that is susceptible to economic conditions related to changes in the price and availability of motor vehicle fuel. Since 1997, the state has been lowering its gas tax rates to be more competitive with surrounding states. During

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Connecticut; Revenue - Transportation, Miscellaneous Tax Revenue; Revenue - Utility, Other" Jul 06, 2000. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Connecticut-Revenue-Transportation-Miscellaneous-Tax-Revenue-Revenue-Utility-Other-157221>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Connecticut; Revenue - Transportation, Miscellaneous Tax Revenue; Revenue - Utility, Other Jul 06, 2000. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Connecticut-Revenue-Transportation-Miscellaneous-Tax-Revenue-Revenue-Utility-Other-157221>
  
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