S&P Global Ratings assigned its 'SP-1+' short-term rating to Metropolitan District Hartford County (MDC), Conn.'s $95 million general obligation (GO) bond anticipation notes (BANs). At the same time, we affirmed our 'AA' long-term rating on the district's GO bonds outstanding. The outlook on all the bonds is stable. The district's full faith and credit pledge secures the BANs and GO bonds outstanding. We understand BAN proceeds will be used for various sewer, water, and public improvement projects. The BANs will mature on Sept. 1, 2021. MDC provides water and sewer services to approximately 10% of the state of Connecticut in the area of Hartford, the state capital. The district is complying with a consent decree from multiple state and federal
