Connecticut

Connecticut will get $5.2 million for dam-removal projects as part of the U.S. Department of the Interior’s $162 million allocation for shoreline protection.

Connecticut's issuance of variable-rate remarketed obligations, or VROs, could set a national precedent, according to state Treasurer Denise Nappier.

The retail order period began Tuesday for Connecticut's $600 million sale of Series 2013A special obligation tax bonds, with proceeds to fund transportation infrastructure projects.

Connecticut will receive an additional $65 million from HUD to bolster its Hurricane Sandy recovery efforts, according to Gov. Dannel Malloy.

Deborah Spalding will take over Nov. 1 as deputy chief investment officer of pension fund management for Connecticut, state Treasurer Denise Nappier announced.

Moody's Investors Service handed New Haven, Conn., its second downgrade in four months, dropping its GO bonds to A3 from A2, affecting about $510 million of debt.

Standard & Poor's raised its rating on Bridgeport, Conn.'s GO bonds to A from A-minus, citing adequate budgeting and strong liquidity.

Connecticut, which held a $575 million general obligation bond sale for GAAP conversion on Thursday, plans to follow up with a $325 million sale of GO refunding notes on Oct. 23, state Treasurer Denise Nappier said.

As Connecticut prepares to issue $575 million in general obligation bonds this week, debate simmers over how much bonding is appropriate for the state.

The two biggest rating agencies took divergent paths, whipsawing Stratford, Conn., with an upgrade and a downgrade of its general obligation rating within a 45 minute period.

Connecticut Gov. Dannel Malloy signed legislation creating a $200 million bioscience innovation fund, which will invest through grants, equity investments, loans and loan guarantees.

Connecticut received a $10 million federal TIGER grant to build a second platform at New Haven's State Street Station, which state officials say will minimize delays.

Fitch placed A-plus rated bonds issued on behalf of Backus Hospital in Norwich, Conn., on watch, citing uncertainty about its agreement with Hartford HealthCare.

Gov. Dannel Malloy, flanked by state officials, announced on Monday a $159 million investment in affordable multifamily housing initiatives statewide.

Connecticut on Wednesday launched a nonprofit grant program, a state bond pool earmarked for community-based organizations that provide health and human services through contracts or agreements with state agencies.

Moody's downgraded Bridgeport, Conn.'s general obligation rating to A2 from A1 Monday afternoon and revised the outlook to negative from stable.

The Connecticut Airport Authority's board of directors voted to create an economic development incentive zone at Waterbury-Oxford Airport, said Gov. Dannel Malloy.

Fitch handed New Haven, Conn., its latest downgrade, citing eroded reserves in assigning A-minus. City officials say they were disappointed but understood the move.

Issuers in the Northeast sold almost $44.3 billion of municipal bonds in the first half of 2013, according to Thomson Reuters data, down more than 25% from the same period a year earlier.

Connecticut will begin a two-day retail period on Monday for its $500 million general obligation bond sale. The institutional sale is Wednesday.