...May 18, 2023 NEW YORK (S&P Global Ratings) May 18, 2023--S&P Global Ratings assigned its '##-' long-term rating to the State of Connecticut's $100 million general obligation (GO) bonds, 2023 series A; $250 million GO refunding bonds, 2023 series B; and $350 million GO bonds, 2023 series A (federally taxable). At the same time, we affirmed our '##-' long-term rating on the state's approximately $18.1 billion in GO debt outstanding. We also affirmed our '##-/A-1' dual rating on the state's series 2016C GO bonds and on the Capital Region Development Authority's series 2004B bonds, with liquidity support provided by Bank of America. We affirmed our '##-' rating on debt secured by a special capital reserve fund, which we view to be on par with that of the state GO rating as state-supported GO-equivalent securities, including various issues by the Connecticut Housing Finance Authority, the Connecticut Health & Educational Facilities Authority, and Connecticut Green Bank. We also affirmed our...
