Connecticut

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.

Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.

Northeast municipal bond issuance was up 4% from 2016 to $121.3 billion.

Working amid uncertainty in the equity and fixed-income markets, the Connecticut Housing Finance Authority held an oversubscribed fixed-rate bond sale.

Still dusting themselves off from last year’s budget chaos, Gov. Dannel Malloy and Connecticut lawmakers reconvene to grasp a glaring transportation fund crisis.

Moody's revised its outlook on Connecticut's capital to developing from negative, pending the city's application for a state workout program.

The $10,000 limit on deductions for state and local taxes could pose a long-term threat to Connecticut, New Jersey and New York, according to credit analysts.

The increasing saturation of the Northeast market with casinos bodes poorly for states expecting tax windfalls, analysts said.

Moody's Investors Service said on Thursday that it downgraded the city of Waterbury, Conn.’s outstanding general obligation debt to A2 from A1. The outlook remains stable.

A state official cited the need to have special tax obligation bonds rated "on the bonds' own merits," distinct from the state's GOs.

Gov. Dannel Malloy urged lawmakers to replenish the Special Transportation Fund.

The Democrat and former Hartford city treasurer said Wednesday her administration “restored integrity and public confidence in the office of state treasurer."

The state issued the notes in 2009 to cover operating expenses when its rainy-day fund was depleted.

The Connecticut governor cited recent changes to the state employee pension system as a parallel.