Moody's Lowers Connecticut to Aa3, Citing Low Revenues, High Debt

Piazza, Johanna
July 2003
Bond Buyer;7/03/2003, Vol. 345 Issue 31670, p1
Trade Publication
Reports that U.S.-based ratings agency Moody's Investors Service Inc. has downgraded Connecticut's credit rating after the state began its fiscal year without an operating budget. Reason behind the downgrade of ratings; Effect of the downgrade in ratings on a multi-million swap contract signed by the state; Plans of Standard & Poor's and Fitch Ratings to evaluate the credit after the state adopts the budget.


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