Connecticut

Standard & Poor’s affirmed its AAA long-term rating on Yale University revenue bonds issued through the Connecticut Health and Educational Facilities Authority, as well as the AAA long-term rating and A-1-plus short-term rating on various long- and short-term debt issued by and for the university.

The Connecticut Health and Educational Facilities Authority plans to sell $260 million of fixed-rate, tax-exempt Series A revenue bonds for Hartford HealthCare Corp. on Thursday, following a one-day retail order period.

Gov. Dannel Malloy has appointed four people to the nascent Connecticut Airport Authority and named Mary Ellen Jones of Glastonbury as the board’s chairwoman.

Fairfield, Conn., is targeting an Oct. 31 opening for its third Metro-North Railroad train station after the town passed a $7.5 million bond authorization to cover the costs of the long-delayed Fairfield Metro project marked by cost overruns.

Gov. Dannel Malloy released a list of $135 million in additional cuts across Connecticut government, after already having reached a $1.6 billion labor agreement that closed the state’s budget gap for fiscal 2012.

Gov. Dannel Malloy has announced the members of a new task force that will review the effectiveness of Connecticut’s education cost-sharing grants and how it relates to state constitutional requirements.

The Connecticut State Bond Commission approved $3 million of repairs for the Hartford-to-East Hartford railroad bridge. The funding was part of a state infrastructure improvement package aimed at school and transportation projects.

A bonding authority that oversees Connecticut's six state-owned airports, including the flagship Bradley International Airport in Windsor Locks, is up and running.

Moody's Investors Service has revised New Haven's outlook to negative as it prepares to sell $44.5 million of Series 2011B general obligation bonds on Wednesday.

Connecticut plans to eliminate 6,560 positions to fill a $1.6 billion budget gap and bring its two-year, $40.5 billion budget into balance, Gov. Dannel Malloy announced.

Connecticut passed a budget, but Gov. Dannel Malloy is hardly celebrating. Malloy is left with a $1.6 billion shortfall after state employee unions failed to ratify a labor accord intended to balance Connecticut's two-year, $40.1 billion spending plan.

Connecticut is set to form a new bonding authority that will oversee six state airports, including the Bradley International Airport.

Connecticut's Treasury Department is looking for investment banking firms to form a new pool of underwriters that will work on general obligation and revenue debt.

Connecticut may implement tolls and possibly leverage that revenue stream to help finance a potential $1 billion Route 11 extension project in the southeastern portion of the state.

Connecticut Gov. Dannel Malloy last week signed into law a $40 billion biennial budget that includes across-the-board tax increases and relies upon $2 billion of projected employee savings.

Connecticut this week will issue $353 million of general obligation bonds, including $337.6 million of SIFMA index bonds, to retire bond anticipation notes that are coming due.

Connecticut Gov. Dannel Malloy on Wednesday proposed a $18.27 billion general fund budget for fiscal 2012 that doesn’t borrow for operating expenses and would reduce a planned deficit borrowing in the current fiscal year.

Connecticut Gov. Dan Malloy’s first official act after being sworn in Wednesday was to issue an executive order requiring the state to craft budgets using generally accepted accounting principles.

The Mystic Aquarium & Institute for Exploration in Connecticut got a lifeline on Tuesday from Citi, which agreed to forgive $13.4 million of debt and convert $19 million of outstanding bonds into an effective loan.

Stamford, Conn., plans to competitively market $35 million of bonds next week and take advantage of federal bond programs due to expire at the end of the year.