Ratings

Gov. Dannel Malloy presented a new Connecticut budget as two rating agencies downgraded the state.

Connecticut received a push out of double-A territory, as Fitch Ratings dropped it to A-plus.

A Dallas school bus agency fell to a junk bond rating as a potential default neared.

The Illinois Senate President warned that disaster looms if historic gridlock doesn't end soon.

Illinois lacks a path to restructure state debt but Puerto Rico's filing heightened chatter.

Vote means Vernon, Calif., general fund transfers from utility will continue, a credit negative.

S&P Global Ratings revised its outlook on the District of Columbia's (DC) general obligation (GO) bonds to positive from stable and affirmed its 'AA' rating on the bonds. At the same time, S&P Global Ratings assigned its 'AA' rating and positive outlook to the district's series 2017A GO refunding bonds.

S&P dropped $244 million of bonds issued for an Indiana P3 further into junk territory.

Albany N.Y. was revised to stable from negative by S&P Global Ratings.

Moody’s Investors Service placed an Indiana school district on review for upgrade after the state changed its school credit enhancement program.

Gov. Jim Justice called West Virginia lawmakers into special session to “fix the budget crisis.”

Hawaii received a Fitch Ratings outlook boost to positive ahead of an $856 million bond sale.

Ohio's Wright State University was dropped to Baa2 from A2 by Moody's Investors Service.

S&P Global Ratings said it has lowered its issuer credit rating (ICR) on the State of Wyoming to AA-plus from AAA, and lowered its associated school district guarantee program rating on Fremont County School District No. 1 to AA-plus from AAA.

Fitch Ratings said it has downgraded Puerto Rico Aqueduct and Sewer Authority bonds to C from CC.

Louisiana’s GOP-led Legislature wants severe cuts to balance the state budget instead of state tax reform.

Continued financial stability was cited as Moody's upgraded Central Falls, R.I. to Ba1.

New York University was upgraded by Moody’s Investors Service ahead of a $652 million deal.

The outlook on Mississippi’s AA S&P rating was revised to negative.

MetroHealth's ratings tumbled three notches to reflect its sizable new debt load.