Moody’s

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Moody’s settles with AG, to pay Connecticut $31.5 million

A lawsuit originated by the state attorney general’s office in 2010 against one of the villains in “The Big Short,” the book-and-movie depiction of the factors behind the 2008 market collapse, ended Friday with an $864 million national settlement that will bring Connecticut’s general fund $31.5 million. 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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