Standard&Poor's Ratings Services assigned its 'AA-' rating to Connecticut's $200 million special tax obligation bonds series B, reflecting: 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. The bonds are secured by
