Hartford received its latest downgrade Tuesday when Moody's Investors Service downgraded Connecticut's capital city two notches further into junk to Caa1 from B2.

The rating is under review for yet another downgrade, Moody's said in a statement. The move affects roughly $550 million in debt.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.