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CT receives first bond rating upgrade in over two decades

“The next step is to continue building a stable foundation for future growth and financial sustainability as we emerge from the Covid crisis," said State Treasurer Shawn Wooden.

Rating agency gives mixed analysis on NY and CT’s general obligation...

Connecticut was faulted for "increasing budgetary burdens for debt service, pension contributions, and Medicaid." *** New York “continues to face budgetary pressure, with budget gaps forecast in the general fund, prior to savings from adherence to the 2% spending benchmark.”