{"id":6940,"date":"2026-05-16T01:35:00","date_gmt":"2026-05-15T23:35:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=c1f9c8f78416974572ebf022e2bce22d"},"modified":"2026-05-16T01:35:00","modified_gmt":"2026-05-15T23:35:00","slug":"kbra-assigns-aaa-rating-to-state-of-connecticut-special-tax-obligation-refunding-bonds-transportation-infrastructure-purposes-2026-series-a-affirms-rating-for-parity-bonds","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=6940","title":{"rendered":"KBRA Assigns AAA Rating to State of Connecticut Special Tax Obligation Refunding Bonds, Transportation Infrastructure Purposes, 2026 Series A; Affirms Rating for Parity Bonds"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA assigns a long-term rating of AAA to the State of Connecticut Special Tax Obligation Refunding Bonds, Transportation Infrastructure Purposes, 2026 Series A and affirms the AAA long-term rating for outstanding Special Tax Obligation Bonds, Transportation Infrastructure Purposes. The rating Outlook is Stable.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260515792849\/en\/2807081\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260515792849\/en\/2807081\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260515792849\/en\/2807081\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260515792849\/en\/2807081\/21\/kbra-logo.jpg\" \/><\/a><p>\n<strong>Key Credit Considerations<\/strong><\/p><p>\nThe rating actions reflect the following key credit considerations:<\/p><p>\nCredit Positives<\/p><ul class=\"bwlistsquare\">\n<li>\nDiverse pledged revenue sources provide a stable source of payment and solid coverage of debt service requirements.<\/li>\n<li>\nLegal protections are favorable including a covenant to maintain at least 2.0x annual debt service coverage.<\/li>\n<\/ul><p>\nCredit Challenges<\/p><ul class=\"bwlistsquare\">\n<li>\nThe State\u2019s rate of economic growth has been slower than that of the U.S. and New England region for more than a decade although wealth levels are favorable.<\/li>\n<li>\nTransportation needs are substantial and place pressure upon the State\u2019s ability to fund them over the longer term.<\/li>\n<\/ul><p>\n<strong>Rating Sensitivities<\/strong><\/p><p>\nFor Upgrade<\/p><ul class=\"bwlistsquare\">\n<li>\nNot applicable at AAA rating level.<\/li>\n<\/ul><p>\nFor Downgrade<\/p><ul class=\"bwlistsquare\">\n<li>\nAn economic downturn that leads to a sustained decline in coverage and budgetary pressure on the State.<\/li>\n<\/ul><p>\nTo access ratings and relevant documents, click <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fissuers%2F50000%2Fissuer-ratings&amp;esheet=54537159&amp;newsitemid=20260515792849&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=cebee766488897e989f9720cf7effc4a\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\n<strong>Methodology<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FwMHcZbjd&amp;esheet=54537159&amp;newsitemid=20260515792849&amp;lan=en-US&amp;anchor=Public+Finance%3A+U.S.+Special+Tax+Revenue+Bond+Rating+Methodology&amp;index=2&amp;md5=6ec58beb888c8f6a8c2dc05b9317f52a\" rel=\"nofollow\" shape=\"rect\">Public Finance: U.S. Special Tax Revenue Bond Rating Methodology<\/a><\/li>\n<\/ul><p>\n<strong>Disclosures<\/strong><\/p><p>\nA description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fissuers%2F50000%2Fdisclosures&amp;esheet=54537159&amp;newsitemid=20260515792849&amp;lan=en-US&amp;anchor=here&amp;index=3&amp;md5=45f86b96b04e552f5c77345d08cc995d\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nInformation on the meaning of each rating category can be located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Funderstanding-ratings%2Frating-scales%2Flong-term-credit-rating&amp;esheet=54537159&amp;newsitemid=20260515792849&amp;lan=en-US&amp;anchor=here&amp;index=4&amp;md5=87a3f00bb3b8708481cc32107fb65bf8\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nFurther disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com&amp;esheet=54537159&amp;newsitemid=20260515792849&amp;lan=en-US&amp;anchor=www.kbra.com&amp;index=5&amp;md5=f6a3d47b421231588973d7a94c711ac9\" rel=\"nofollow\" shape=\"rect\">www.kbra.com<\/a>.<\/p><p>\n<strong>About KBRA<\/strong><\/p><p>\nKroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan\u2019s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.<\/p><p>\nDoc ID: 1015039<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<strong>Analytical Contacts<\/strong><\/p><p>\nPeter Scherer, Senior Director (Lead Analyst)\n<br\/>+1 646-731-2325\n<br\/><a  href=\"mailto:peter.scherer@kbra.com\" rel=\"nofollow\" shape=\"rect\">peter.scherer@kbra.com<\/a><\/p><p>\nDouglas Kilcommons, Managing Director (Rating Committee Chair)\n<br\/>+1 646-731-3341\n<br\/><a  href=\"mailto:douglas.kilcommons@kbra.com\" rel=\"nofollow\" shape=\"rect\">douglas.kilcommons@kbra.com<\/a><\/p><p>\n<strong>Business Development Contacts<\/strong><\/p><p>\nWilliam Baneky, Managing Director\n<br\/>+1 646-731-2409\n<br\/><a  href=\"mailto:william.baneky@kbra.com\" rel=\"nofollow\" shape=\"rect\">william.baneky@kbra.com<\/a><\/p><p>\nJames Kissane, Senior Director\n<br\/>+1 646-731-2380\n<br\/><a  href=\"mailto:james.kissane@kbra.com\" rel=\"nofollow\" shape=\"rect\">james.kissane@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;KBRA assigns a long-term rating of AAA to the State of Connecticut Special Tax Obligation Refunding Bonds, Transportation Infrastructure Purposes, 2026 Series A and affirms the AAA long-term rating for ou&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6940","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/6940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6940"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/6940\/revisions"}],"predecessor-version":[{"id":6941,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/6940\/revisions\/6941"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}