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Hartford, Conn.’s debt rating was dropped to CC by S&P Global Ratings Tuesday, which called a default, distressed exchange, or redemption a “virtual certainty.”
September 26
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Top Republicans say they will meet with Democratic Gov. Dannel Malloy, who vows to veto the GOP-backed budget.
September 21
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While Mayor Luke Bronin awaits state aid from a fractious government, a bondholder call looms.
September 19
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Several Democrats broke with their party to pass a GOP budget that Gov. Dannel Malloy intends to veto.
September 18
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As the capital city's bonds plunged deeper into junk, Connecticut struggled to pass a state budget.
September 15
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A planned overnight short-notice vote failed to materialize amid continued tweaks.
September 15 -
Bankruptcy may be the only way for Hartford to solve its financial problems, said Connecticut's governor, Dannel Malloy.
September 11 -
The capital city has threatened to file bankruptcy in 60 days if it doesn't get sufficient state help.
September 8 -
Mayor Luke Bronin told Gov. Dannel Malloy and lawmakers that Chapter 9 for Connecticut's capital is inevitable if the state cannot pass a budget.
September 7 -
Kevin Lembo says rating agencies are poised to hammer the state and its cities again.
September 5
