TITLE

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

AUTHOR(S)
Piazza, Johanna
PUB. DATE
July 2003
SOURCE
Bond Buyer;7/03/2003, Vol. 345 Issue 31670, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
10293009

 

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