S&P Global Ratings affirmed its 'AAA' long-term rating on Connecticut's state revolving fund (SRF) general revenue bonds outstanding. The outlook is stable. Debt service on the bonds is paid from available money, which primarily includes pledged borrower obligations and money in the accounts of the support fund--some of which is funded through guaranteed investment contracts (GICs)--but also includes money on hand in the debt service fund. In addition, any unpledged assets in the SRF are also available to cover debt service requirements. The support fund is funded with assets of the SRF. We assess the program's enterprise risk profile as extremely strong, due to low industry risk and an extremely strong market position. Furthermore, the portfolio's loss coverage score (LCS),
