How are Connecticut Bonds rated?
Bond ratings depend on the security features of particular bonds. Some bonds with the same underlying ratings might have different credit ratings assigned to them by the rating agencies due to credit enhancements, such as bond insurance or letters of credit; or due to escrows that have been set up to pay principal and interest on refunded issues. As of April 2010, the underlying (uninsured) credit ratings for these major State of Connecticut bonding programs are as follows: Moody’s Investor Services Standard & Poor’s Ratings Services Fitch Ratings General Obligation Aa2 AA AA Special Tax Obligation Aa3 AA AA Clean Water Fund Aaa AAA AAA UCONN General Obligation Aa2 AA AA- The most recent credit ratings for a particular municipal bond can be obtained from the following nationally recognized credit rating agencies located in New York City. World Wide Web addresses are also provided.
