University Of Connecticut?s Series 2022A General Obligation Bonds Rated ?A+?; Outlook Is Stable

NEW YORK (S&P Global Ratings) March 11, 2022--S&P Global Ratings assigned its 'A+' long-term rating to the University of Connecticut's approximately $220 million general obligation (GO) bonds, 2022 series A. At the same time, S&P Global Ratings affirmed its 'A+' rating on the university's approximately $1.47 billion of parity GO debt outstanding, secured by the State of Connecticut's debt service commitment. The outlook 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 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

...March 11, 2022 NEW YORK (S&P Global Ratings) March 11, 2022--S&P Global Ratings assigned its 'A+' long-term rating to the University of Connecticut's approximately $220 million general obligation (GO) bonds, 2022 series A. At the same time, S&P Global Ratings affirmed its 'A+' rating on the university's approximately $1.47 billion of parity GO debt outstanding, secured by the State of Connecticut's debt service commitment. The outlook 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 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. In addition, we 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...

Ratings Action