The rating upgrade will help lower borrowing costs for projects and services across the state, potentially resulting in millions of dollars of savings for taxpayers.
By Christine Stuart, CTNewsJunkie.com
S&P Global Ratings upgraded Connecticut’s general obligation bonds from A+ to AA-. At the same time it upgraded Connecticut’s special tax obligation bonds for transportation from AA- to AA and the University of Connecticut bonds from A+ to AA-.
The news comes a year after all four major credit rating agencies upgraded Connecticut’s general obligation bonds. S&P Global Ratings also maintained Connecticut’s “stable” outlook.
Click here to read the rest of the article on CTNewsJunkie.com.
Like what you see here? Click here to subscribe to We-Ha’s newsletter so you’ll always be in the know about what’s happening in West Hartford! Click the blue button below to become a supporter of We-Ha.com and our efforts to continue producing quality journalism.
