Connecticut Sees Two Credit Rating Upgrades Amid Fiscal Gains

CT’s Bond Rating Upgrades Prove Fiscal Guardrails Are Working — So Why Undermine Them?

Connecticut’s recent bond rating upgrades are a clear sign that the state’s fiscal guardrails are delivering results. Yet, even as these reforms strengthen our long-term financial outlook, lawmakers continue to test the limits of the very safeguards driving this progress.  Why Bond Ratings Matter  At a September 10 press conference, Gov. Ned Lamont and State Treasurer Erick Russell announced that Moody’s and Fitch upgraded Connecticut’s credit r…

Connecticut Sees Two Credit Rating Upgrades Amid Fiscal Gains

Connecticut’s bond ratings received upgrades from two of the nation’s top credit rating agencies, Gov. Ned Lamont and state Treasurer Erick Russell announced Wednesday.

CT gets credit rate upgrades from Moody’s and Fitch

Governor Ned Lamont and Treasurer Erick Russell(Molly Ingram / WSHU)Connecticut has had its bond rating upgraded by Moody’s and Fitch, two major capital market rating agencies.The Moody’s upgrade is from Aa3 to Aa2, while the Fitch upgrade is from AA- to AA, according to state officials.Governor Ned Lamont said on Wednesday that the upgrades validate the state’s creditworthiness and help attract more business.“Look, Moody’s is downgrading the Un…