Connecticut

Hartford, Conn.’s latest downgrade shows Connecticut must help the city avert bankruptcy, said Mayor Luke Bronin.

Connecticut was downgraded to A1 from Aa3 by Moody's Investors Service.

Hartford, Conn. received another downgrade as S&P Global Ratings lowered the city to BBB-minus.

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.

Connecticut and capital Hartford face serious financial crises.

A Boston firm will replace Aon Hewitt as investment consultant for Connecticut state pensions.

Sonia Toledo will head a new specialty area focusing on state, city and county general finance at Frasca & Associates. Toledo joins Frasca from Wells Fargo Securities where she worked for the past seven years.

New projections remove $1.5 billion of projected revenue from Connecticut's budget.

Connecticut's governor will meet with lawmakers in an effort to move the state budget forward.

Overhaul would result in higher-rated paper, Nappier says.

ORANGE, Conn. -- Town voters said, "yes," at the polls Tuesday to securing bonding to finance $14.9 million for 14 capital improvements to schools, the police station, roads and town buildings.

Hartford Mayor Luke Bronin's $613 million FY18 spending plan acknowledges a $50 million shortfall.

Gov. Dannel Malloy said he would devote the rest of his term to patching up Connecticut's economy.

ORANGE, Conn. -- The Board of Selectmen this week scheduled a referendum for April 18 so residents can vote on securing bonding to finance $14.9 million for 14 capital improvements to schools, the police station, roads and town buildings.

The State of Connecticut (Aa3 negative) is grappling with challenges to its financial sustainability as growing expenses from unfunded pension liabilities, retiree health care costs, and bonded debt place pressure on the state's credit quality, Moody's Investors Service says in a new report.

Connecticut's $743.4 million general obligation bond sale attracted $186 million in retail orders, according to state Treasurer Denise Nappier's office.

Connecticut will sell $750 million of general obligation bonds in a deal that includes a $200 million refunding.

Hartford Mayor Luke Bronin's State of the City speech acknowledged progress over the past year, even as large deficits hover over Connecticut's capital.

Hartford, Conn., on the brink of insolvency, received a lifeline when three major city-based insurance companies pledged a combined $50 million over five years.