Standard & Poor’s

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New CT budget contributes to credit downgrades from Wall Street

The new state budget’s ability to mitigate longstanding fiscal problems got poor marks Thursday on Wall Street as two of the four major rating agencies downgraded Connecticut’s credit ranking — probably boosting borrowing costs in the future. Continue Reading →

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Most Wall Street agencies have ‘negative outlook’ on CT finances

Three of Wall Street’s four major credit rating agencies have assigned a “negative outlook” to Connecticut’s bond rating — a warning that the state could face a downgrade, and higher borrowing costs in the next year or two. Continue Reading →

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New CT budget gets mixed reviews from Wall Street

While praising Gov. Dannel P. Malloy and the legislature for adopting a two-year plan that is balanced and relies on few one-time revenues, the agencies also noted that Connecticut continues to struggle with “tepid” revenue growth and a small budget reserve that leaves the state vulnerable to “future fiscal shocks.” Continue Reading →

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