University Of Connecticut 2023 Series A General Obligation Bonds Rated ?AA-?; Outlook Is Stable

NEW YORK (S&P Global Ratings) Oct. 13, 2023--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

...October 13, 2023 NEW YORK (S&P Global Ratings) Oct. 13, 2023--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...

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