Connecticut Plans $600M of GO Bonds

Connecticut intends to sell to sell $600 million of general obligation bonds in two issues by year-end, following unanimous approval by the State Bond Commission.

The state is also looking to sell up to $600 million of tax obligation bonds and a clean water bond deal in 2012. Both would need commission approval.

Fitch Ratings, Standard & Poor's and Kroll Bond Ratings rate Connecticut's GO bonds AA, while Moody's Investors Service rates the state Aa3.

The Bond Commission will hold its next meeting on Aug. 31.

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