TITLE

Moody's Raises $123 Million of Connecticut Subordinate SRF Bonds to Aaa

AUTHOR(S)
Piazza, Johanna
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/11/2003, Vol. 344 Issue 31654, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Credit ratings company Moody's Investors Service Inc. has increased its rating on $122.5 million of outstanding subordinate revenue bonds issued by Connecticut's state revolving fund to Aaa from Aa1. The agency also rates the senior bonds AAA, but maintains a rating of AA-plus on the subordinate debt. The state's revolving fund has been making loans to municipalities for various new clean-water and drinking-water projects and subsidizing debt service in the state.
ACCESSION #
10104669

 

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