S&P Global Ratings assigned its 'AA-' rating to the City of Hartford, Conn.'s approximately $169.7 million special obligation refunding bonds (state contract assistance), series 2025, issued by the city pursuant to the terms of a contract for financial assistance with the State of Connecticut. The outlook is stable. The bonds are a special obligation of the City of Hartford, secured by an obligation of the State of Connecticut to make contract assistance payments in the amount of debt service on the bonds, pursuant to a contract for financial assistance between the city and the state. The obligation of the state to make contract assistance payments is unconditional and constitutes a full faith and credit obligation for which amounts are considered
