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October 16, 2017

Wall Street Issues Connecticut Another Warning

by Christine Stuart | October 16, 2017 7:18pm

shutterstock HARTFORD, CT — Wall Street issued a harsh warning to Connecticut policymakers Monday when it placed the ratings of 26 municipalities and three regional school districts under review for a credit downgrade.

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October 13, 2017

Wall Street Sends Connecticut A Warning

by Christine Stuart | October 13, 2017 10:02pm

shutterstock HARTFORD, CT — Without a budget for 105 days, Standard & Poor’s Global Ratings sent the state a message Friday when it downgraded its outlook for Connecticut’s general obligation bonds to “negative.”

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August 28, 2017

Moody’s Says Revised Executive Order Is ‘Credit Negative’ For Cities and Towns

by Christine Stuart | August 28, 2017 1:14pm

Courtesy of Moody's Investor Services HARTFORD, CT— A Wall Street rating agency says Gov. Dannel P. Malloy’s revised executive order that would reduce municipal aid is “credit negative for Connecticut local governments.”

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July 25, 2017

Connecticut’s Retirement Funds Increase In Value

by Christine Stuart | July 25, 2017 10:30am

Christine Stuart / ctnewsjunkie file photo HARTFORD, CT — Preliminary investment returns show that Connecticut’s Retirement Plans and Trust Funds exceeded expectations in 2017.

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July 12, 2017

Standard and Poor’s Downgrades Hartford Bonds To Junk Status

by Christine Stuart | July 12, 2017 5:30am

Sean Pavone via shutterstock HARTFORD, CT — Standard and Poor’s downgraded Hartford’s bonds Tuesday to junk status.

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May 18, 2017

Another Day Another Wall Street Rating Agency Downgrade

by Christine Stuart | May 18, 2017 10:00am

shutterstock It’s been sort of a streak. Three Wall Street rating agencies have downgraded Connecticut’s creditworthiness in the last five days.

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December 5, 2016

Lembo Sums Up Connecticut’s Budget Crisis For Business Leaders

by Jack Kramer | December 5, 2016 6:30am

Courtesy of CT-N NORWALK, CT — Comptroller Kevin Lembo knew he was playing to a tough crowd when he agreed to talk to a group of Connecticut business leaders about the state of the state’s economy.

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December 2, 2016

Wall Street Ratings Agency Changes Outlook for Connecticut Bonds Citing Fixed Costs

by Christine Stuart | December 2, 2016 6:30am

Elnur/Shutterstock One of the Wall Street ratings agencies downgraded its outlook of Connecticut’s general obligation bonds citing fixed costs and a stubborn budget deficit.

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October 3, 2016

RBS Settles Mortgage-Backed Securities Complaint With Connecticut

by Cara Rosner | October 3, 2016 10:02pm

Lucian Milasan / Shutterstock.com RBS Securities Inc., a subsidiary of the Royal Bank of Scotland, will pay Connecticut $120 million - the largest single state settlement ever - to resolve allegations the bank’s handling of mortgage-backed securities directly contributed to the 2008 financial crisis.

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July 19, 2016

Third Wall Street Firm Downgrades Connecticut’s Bonds

by Christine Stuart | July 19, 2016 5:20pm

shutterstock As of Tuesday, three of the four Wall Street credit rating agencies have downgraded Connecticut’s bonds since May.

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