A $22 million state bond package that will help Bass Pro Shops build its new store in Bridgeport has received an ‘AA’ rating and a ‘stable’ outlook from Kroll Bond Ratings Agency.
The series of state general fund obligation bonds were issued by Connecticut Innovations to provide a $30 million financing package to Bass Pro to build a $68-million, 140,000-square-foot store in Bridgeport, according to Kroll.
Kroll also affirmed the same rating and outlook for the state’s outstanding general obligation bonds, excluding those backed by a letter of credit or liquidity facility. Including the CI bonds, which were approved in September by the State Bond Commission, Connecticut’s outstanding general obligation debt will total $16.1 billion, Kroll said.
