NEW YORK (S&P Global Ratings) May 2, 2018--S&P Global Ratings lowered its long-term rating components on various tender-option bond trust floater and residual issues related to various underlying bonds. This rating action follows our ratings actions on the underlying bonds. We lowered the ratings on the underlying bonds on April 13, 2018. (Please see the article, titled "Connecticut GO Debt Downgraded To 'A' From 'A+' On The State's Increased Debt Ratios; Outlook Stable", published April 13, 2018, on RatingsDirect.) The long-term component of the rating on the floaters and the rating on the residuals reflect the rating on their respective underlying securities, as well as our expectation of the likelihood of bondholders receiving interest and principal payments when due if
