RSS Feed
Twitter
Facebook
Email
HomeConnecticut: Not What You Make, but What You Spend
Posted by Larry Doyle on June 7th, 2010 10:44 AM |
I missed a story the other day that is a likely precursor to many similar stories in the weeks and months ahead. What is that? Downgrades in the municipal finance markets. Which municipality, or in this case which state, is being downgraded? The wealthiest state in the nation, Connecticut.
BusinessWeek highlights this story in reporting, Connecticut Rating Cut by Fitch Ahead of Debt Sale:
Connecticut, the state with the highest tax-supported debt, had its bond rating lowered one level to AA by Fitch Ratings as it prepares to borrow money to cover a budget deficit for a second straight year. (more…)
Tags: Connecticut credit rating is downgraded, Connecticut is downgraded, Connecticut Rating Cut by Fitch Ahead of Debt Sale, Doug Offerman Laura Porter, fiscal deficit in CT, Fitch downgrades Connecticut, Hartford CT, municipal finance, not what you make but what you spend and save, per capita income in CT, public finance, public indebtedness, wealthiest state in the nation
Posted in General, municipal finance | 2 Comments »
