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General Obligations

Connecticut (State of) - Moody's Research Report

MOODY'S REVISES STATE OF CONNECTICUT GENERAL OBLIGATION RATING TO NEGATIVE FROM STABLE AND AFFIRMS Aa2 RATING

Posted on: June 28, 2011, 3:01 pm

NEW YORK, Jun 28, 2011 -- Moody's Investors Service has revised the outlook on the State of Connecticut's general obligation bond rating to negative from stable and affirmed the Aa2 rating. The state has approximately $14 billion in outstanding general obligation bonds. The negative outlook also applies to the state's general fund obligations (rated Aa3), bonds supported by a Special Capital Reserve Fund (SCRF) make-up provision (rated Aa2), and the University of Connecticut General Obligation Bonds, State Debt Service Commitment, (rated Aa2)...

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