Moody’s raised Connecticut’s bond rating from A1 to Aa3 — from its fifth-highest ranking to its fourth-highest.
Moody’s Investors Service
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Wall Street agency nudges CT to keep funding pledge to municipalities
A Wall Street credit rating agency nudged the state to pump $135 million in new general government aid to municipalities.
Posted inTransportation
CT heads to Wall Street to jump-start its construction industry
Connecticut is taking a big step toward re-energizing its construction economy, seeking nearly $1.4 billion in financing.
Posted inMoney
Wall Street agency warns CT’s battle with pension debt is far from over
A new analysis from Moody’s Investors Services showed that Connecticut’s debt is worse than that of nearly all other states.
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Wall Street warns new federal tax rules could boost CT’s borrowing costs
The new federal cap on income tax deductions could translate into higher interest costs for Connecticut and other wealthy states when they borrow for school construction and other capital projects, warns a Wall Street credit rating agency.
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Wall Street firm says federal tax limits could hurt CT towns
A major Wall Street credit rating agency warned Wednesday that federal tax changes could undermine Connecticut cities and towns’ property tax receipts.
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Wall Street firm applauds CT debt aid to Hartford
A major Wall Street credit-rating agency, Moody’s Financial Services, has upgraded Hartford’s bond rating in response to a new state plan to retire the capital city’s bonded debt.
Posted inEducation, Money
Wall Street firm: CT schools ruling helps state, hurts cities
A major Wall Street rating agency said the recent Connecticut Supreme Court ruling that the state provides at least a minimally adequate education in all school districts is a “credit positive” for state government, but a “negative” for its largest cities.
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Budget fight threatens credit for a third of CT municipalities
Moody’s Investors Service announced measures that could lead to lower bond ratings — and higher interest costs — for 51 municipalities and six regional school districts, affecting nearly $7 billion in outstanding debt.
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Moody’s adds to Connecticut’s woes on Wall Street
For the fifth time in the past year — and for the second in two business days — a Wall Street credit rating agency downgraded Connecticut’s status. Moody’s Investors Service lowered the state’s General Obligation bond rating Monday from Aa3 to A1, potentially raising the cost of borrowing.
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Wall Street agency warns CT budgets will be bleak for years
A major Wall Street credit rating agency warned investors Wednesday that Connecticut’s weak economy and surging retirement benefit costs are likely to plague state budgets and test the state’s fiscal management for several years to come.
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Wall Street agency gives CT pension deal a ‘credit positive’
Moody’s Investors Service, one of the four major credit rating agencies, labeled the proposal negotiated by Gov. Dannel P. Malloy’s administration and state union leaders as a “credit positive” for Connecticut in the agency’s weekly credit outlook statement.
Posted inEducation, Money
Moody’s: School funding reform would boost cities’ credit standing
A major Wall Street credit rating agency weighed in on Connecticut’s school funding crisis this week, saying an overhaul would improve the credit standing of the state’s poorest cities.
Posted inMoney, Politics
Labor costs, tax receipts, threaten new CT budget before it starts
With Connecticut’s new fiscal year set to begin Friday, serious issues — involving both spending and revenue — have arisen in recent weeks that challenge state government’s new spending plan before it’s even begun. And a major Wall Street credit rating agency questioned Monday whether Connecticut’s fiscal house is in order.
Posted inMoney, Politics
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.