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Treasurer Wooden Announces CT Credit Ratings Affirmed

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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. ....

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