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Bridgeport

Is Your Town's Bond Rating In Jeopardy Due To The State Budget Impasse?

Is Your Town's Bond Rating In Jeopardy Due To The State Budget Impasse?

Moody’s Investors Service Monday placed credits ratings for 26 cities in towns in Connecticut under review due to the state’s continuing budget stalemate.

Another 25 municipalities were assigned negative outlooks for the same reason.

In a news release, Moody’s said the changes, which mean cities and towns may end up paying additional interest when they borrow money, were necessary given the uncertainty about municipal...

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