KBRA Assigns AA+ Rating to State of Connecticut GO Bonds (2024 Series D) and Taxable GO Bonds (2024 Series A); Affirms Rating for Outstanding GO Bonds tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
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Dec. 13, 2020
Today, Connecticut State Treasurer Shawn T. Wooden announces that Moody s Investors Service, S&P Global Ratings, Fitch Ratings, and Kroll Ratings affirmed the State of Connecticut s general obligation credit ratings and stable outlooks in advance of the issuance of bonds during the next 30-days. The ratings were affirmed at Moody s A1 ; S&P A ; Fitch A+ ; and, Kroll AA- . In their reports, the rating agencies cited Connecticut s sizable Budget Reserve Fund as a stabilizing factor that strengthens our ability to weather the economic downturn caused by the COVID-19 pandemic. The fully funded Budget Reserve Fund, combined with strong and measured fiscal leadership from Treasurer Wooden and the State, yielded the stable outlook that has led to strong investor demand and record low interest rates.