Summary: State Of Connecticut; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation

S&P Global Ratings assigned its 'A+' long-term rating to the State of Connecticut's $500 million general obligation (GO) bonds, 2022 series A, and $300 million GO bonds, 2022 series B. At the same time, we affirmed our 'A+' long-term rating on the state's GO debt outstanding. The outlook on all ratings is stable. We also affirmed our 'A+' rating on debt secured by a special capital reserve fund--that we view to be on par with that of the state's GO rating--that includes various issues by the Connecticut Housing Finance Authority, the Connecticut Health&Educational Facilities Authority, and the Connecticut Green Bank, as well as various other state-supported GO-equivalent securities. We also affirmed our 'A' rating on Connecticut's appropriation-secured debt

...S&P Global Ratings assigned its 'A+' long-term rating to the State of Connecticut's $500 million general obligation (GO) bonds, 2022 series A, and $300 million GO bonds, 2022 series B. At the same time, we affirmed our 'A+' long-term rating on the state's GO debt outstanding. The outlook on all ratings is stable. We also affirmed our 'A+' rating on debt secured by a special capital reserve fund--that we view to be on par with that of the state's GO rating--that includes various issues by the Connecticut Housing Finance Authority, the Connecticut Health & Educational Facilities Authority, and the Connecticut Green Bank, as well as various other state-supported GO-equivalent securities. We also affirmed our 'A' rating on Connecticut's appropriation-secured debt and our '###+' rating on the state's moral obligation debt. The ratings on the state's 2016 series C GO bonds and Capital City Economic Development Authority 2004 series B bonds, with liquidity support provided by Bank of America,...

Summary