KBRA Releases Report Assigning AA- Rating and Stable Outlook to State of Connecticut GO Bonds (2020 Series A) and GO Refunding Bonds (2020 Series B)

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On December 2, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA- and Stable Outlook to the State of Connecticut General Obligation Bonds (2020 Series A) and General Obligation Refunding Bonds (2020 Series B). KBRA additionally affirmed the long-term rating of AA- and Stable Outlook on the States fixed-rate General Obligation Bonds as well as the long-term rating of AA- and Stable Outlook on the Connecticut Innovations Incorporated State of Connecticut General Fund Obligation Bonds 2014 Series A.

Issuer: State of Connecticut

Assigned

Rating

Outlook

General Obligation Bonds (2020 Series A)

AA-

Stable

General Obligation Refunding Bonds (2020 Series B)

AA-

Stable

Affirmed

Rating

Outlook

General Obligation Bonds

AA-

Stable

Issuer: Connecticut Innovations, Incorporated

Affirmed

Rating

Outlook

State of Connecticut General Fund Obligation Bonds 2014 Series A

AA-

Stable

To access the report, click here.

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Analytical Contacts:

Paul Kwiatkoski, Managing Director

(646) 731-7105

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Patricia McGuigan, Senior Director

(646) 731-3350

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Peter Scherer, Associate

(646) 731-2325

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Business Development Contact:

William Baneky, Managing Director

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James Kissane, Senior Director

(213) 806-0026

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