Connecticut’s General Obligation Bond ratings stay steady

 

Ben Barnes, secretary of the Office of Policy and Management, who is Gov. Malloy’s budget czar, on the state’s continued ratings in the New York bond market: “The fact that all of the rating agencies reaffirmed their ratings is a good sign that the state is moving in the right direction. By contrast, some neighboring states have seen downgrades across the board. We know there’s more to do and we will continue our prudent fiscal management. Making progress —  such as putting early $400 million in the Rainy Day Fund and fully funding our pension obligations — will help increase the ratings.”

Here are the ratings:

  • Moody’s: Aa3 (stable)
  • S&P: AA (stable)
  • Fitch: AA (negative)
  • Kroll: AA (stable)