Connecticut Makes Quick Return To Market With $265M GO Sale

Piazza, Johanna
May 2003
Bond Buyer;5/6/2003, Vol. 344 Issue 31629, p4
Trade Publication
Only three weeks after its last sale, Connecticut is back in the market in the first week of May 2003 with 265 million dollars of fixed-rate general obligation bonds. Though the state was in the market in mid-April 2003 with 372 million dollars of general obligations (GO), assistant treasurer Cathy Boone does not expect any suspension from the first sale to impair the market's reception. Connecticut's GO obligation rating remains on Moody's Investors Service Inc.'s watch list for a possible decline. The bonds are rated Aa2 with a negative viewpoint. “The state has made some progress in recently resolving the fiscal year 2003 budget gap that emerged over the course of the year,” said Moody's analyst Nicole Johnson.


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