NEW YORK - Moody’s Investors Service on Friday downgraded Connecticut’s general obligation bond rating to Aa3 from Aa2, affecting about $14.6 billion in outstanding general obligation bonds.

Within minutes of the announcement, Benjamin Barnes, Gov. Dannel Malloy’s Office of Policy and Management secretary, disputed the decision.

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.