Summary: University of Connecticut Connecticut; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation; Public Coll/Univ - Unlimited Student Fees

S&P Global Ratings assigned its 'AA-' long-term rating to the University of Connecticut's $220 million 2023 series A general obligation (GO) bonds and $130 million 2023 series A GO refunding bonds, secured by Connecticut's debt service commitment. At the same time, S&P Global Ratings affirmed its 'AA-' long-term and underlying ratings on the university's $1.52 billion of parity debt outstanding. In addition, we affirmed our 'AA-' long-term rating on the state's GO debt outstanding. We also affirmed our 'A+' rating on the state's appropriation-secured debt and our 'A-' rating on obligations secured by the state's moral obligation. Furthermore, we affirmed our 'AA-/A-1' dual-rating on the state's series 2016C GO bonds and Capital Region Development Authority's series 2004B bonds, with liquidity

...+ S&P Global Ratings assigned its '##-' long-term rating to the University of Connecticut's $220 million 2023 series A general obligation (GO) bonds and $130 million 2023 series A GO refunding bonds, secured by Connecticut's debt service commitment. + At the same time, S&P Global Ratings affirmed its '##-' long-term and underlying ratings on the university's $1.52 billion of parity debt outstanding. + In addition, we affirmed our '##-' long-term rating on the state's GO debt outstanding. + We also affirmed our 'A+' rating on the state's appropriation-secured debt and our 'A-' rating on obligations secured by the state's moral obligation. + Furthermore, we affirmed our '##-/A-1' dual-rating on the state's series 2016C GO bonds and Capital Region Development Authority's series 2004B bonds, with liquidity support provided by Bank of America. + We also affirmed our rating to '##-' on debt secured by a special capital reserve fund, which we view to be on par with that of the state GO rating...

Summary