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State Trunkline Fund Bonds

State Trunkline Fund (STF) Bonds CUSIP Base No. Par Amount Issued Date Rated Fitch Moody's S&P
STF Series 2023 594695 $1,193,645,000 August 2023 Unrated Aa2 AA+
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 Aa2 AA+
STF Series 2020B 594695 $ 800,000,000 August 2020 Unrated Aa2 AA+
STF Series 2021AB New & Refunding 594695 $ 854,150,000 August 2021 Unrated Aa2 AA+

 

*Insured

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.