NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of AA- with a Negative Outlook to the State of Connecticut’s Taxable General Obligation Bonds (2017 Series A) and a short-term rating of K1+ to the General Obligation Bond Anticipation Notes (2017 Series A). Additionally, KBRA has affirmed the long-term rating of AA- with a Negative Outlook on the State of Connecticut’s outstanding General Obligation Bonds. KBRA has also affirmed the long-term rating of AA- with a Negative Outlook on the State of Connecticut General Fund Obligation Bonds 2014 Series A issued by Connecticut Innovations, Inc.
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KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and 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.