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State Trunkline Fund bonds

* = Insured

  • Moody's upgraded the rating on STF bonds outstanding in September 2024.
  • S&P affirmed the AA+ rating on STF bonds outstanding in August 2023.
  • Fitch affirmed the AA rating on the STF series 2004 bonds in March of 2019.

State Trunkline Fund (STF) bonds CUSIP base number Par amount issued Original date rated Fitch Moody's S&P
STF Series 1998A Refunding 594695 $ 377,890,000 June 1998 AAA* Aaa* AAA*
STF Series 2004 Refunding 594695 $ 103,450,000 April 2004 AAA* Aaa* AAA*
STF Series 2004 594695 $ 185,710,000 August 2004 AAA* Aaa* AAA*
STF Series 2005 Refunding 594695 $ 223,020,000 April 2005 AAA* Aaa* AAA*
STF Series 2005B Refunding 594695 $ 378,250,000 August 2005 AAA* Aaa* AAA*
STF Series 2006 594695 $ 244,525,000 June 2006 AAA* Aaa* AAA*
STF Series 2009 and Refunding 594695 $ 146,190,000 October 2009 Unrated Aa3 AA+
STF Series 2011 594695 $ 90,980,000 December 2011 Unrated Aa2 AA+
STF Series 2012 Refunding 594695 $ 49,305,000 June 2012 Unrated Aa2 AA+
STF Series 2014 Refunding 594695 $ 265,085,000 August 2014 Unrated Aa2 AA+
STF Series 2015 Refunding 594695 $ 54,055,000 October 2015 Unrated Aa2 AA+
STF Series 2020A Refunding 594695 $ 103,485,000 March 2020 Unrated Aa1 AA+
STF Series 2020B 594695 $ 800,000,000 August 2020 Unrated Aa1 AA+
STF Series 2021AB New & Refunding 594695 $ 854,150,000 August 2021 Unrated Aa1 AA+
STF Series 2023 594695 $1,193,645,000 August 2023 Unrated Aa1 AA+
STF Series 2026 594695 $706,355,000 August 2026 Unrated Aa1 AA+