Tag: Kroll Bond Rating Agency

Kroll Bond Rating Agency praised banks for heeding "lessons learned" from the 2008 economic crash.

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.”

Standard & Poor's and Fitch have also downgraded the state, while Moody's maintains a negative outlook.