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.
October 16, 2017
October 13, 2017
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.”
August 28, 2017
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.”
July 25, 2017
HARTFORD, CT — Preliminary investment returns show that Connecticut’s Retirement Plans and Trust Funds exceeded expectations in 2017.
July 12, 2017
HARTFORD, CT — Standard and Poor’s downgraded Hartford’s bonds Tuesday to junk status.
May 18, 2017
It’s been sort of a streak. Three Wall Street rating agencies have downgraded Connecticut’s creditworthiness in the last five days.
December 5, 2016
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.
December 2, 2016
One of the Wall Street ratings agencies downgraded its outlook of Connecticut’s general obligation bonds citing fixed costs and a stubborn budget deficit.
October 3, 2016
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.
July 19, 2016
As of Tuesday, three of the four Wall Street credit rating agencies have downgraded Connecticut’s bonds since May.