Connecticut

Conning is holding firm to its declining outlook on states' credit quality, though S&P sees some rays of sunshine.

Aid to Hartford, in light of Connecticut’s assumption of city GO debt over 20 years, has become a lightning rod.

The Connecticut Housing Finance Authority expects to finance 695 mortgages for first-time home buyers through its planned $118 million issuance of fixed-rate bonds.

With competing party-line legislative budgets, a rebuke of both by the governor and a worsening deficit projection, the state is careening toward more fiscal turmoil and further backlash from Wall Street.

Hartford Mayor Luke Bronin struck a guardedly optimistic tone as he released a $567.3 million budget plan.

The rating actions came after the state agreed to assume the city's GO debt.

The bonds will finance projects in the UConn 2000 Infrastructure Improvement Program, a $4.6 billion, 32-year initiative.

The controversial bailout for Hartford is sending fiscal shock waves through the legislature and contributed to $100 million for the XL Center being cut from the governor's proposed capital improvement budget.

Restructuring expert Michael Imber of EisnerAmper explains how in-kind real-estate asset contributions could curb the state's steep unfunded liability. Paul Burton and Chip Barnett host.

The city's issuer rating from Moody's Investors Service remains mired in speculative-grade territory.

Proponents call the move the right medicine for ailing Connecticut, while opponents say the measures are overly restrictive.

Restructuring expert Michael Imber says momentum is building for such a strategy, which he says could improve the state's funding ratio.

Hartford's council authorized an agreement for the state to pay the city's debt over two decades while accepting state oversight.

The Constitution State is bringing the largest negotiated deal to a supply starved market this week — although the state is faced with fiscal challenges, it hopes the big sale satisfies investors, during a time when munis are attractive but supply is scarce.

The state has agreed to pay off Hartford's general obligation debt — about $550 million over the next two decades or so — as part of the bailout promised to the city under the most recent state budget.

The state, after multiple rating downgrades and facing budget strife, declining revenue and a pension funding dispute, plans a GO new-money and refunding sale.

Democrats are frustrated that President Trump's infrastructure plan would require state and local governments to come up with the majority of funds for infrastructure projects.

While Gov. Dannel Malloy and lawmakers study recommendations from a state panel, Nuveen warned that the state’s bond rating could plummet further.

The transaction will mark the university’s first new-money series for this credit in 16 years.

“We’re getting our ass kicked," the Gov. Dannel Malloy said, pitching a widening of the state's most congested highway.