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Armed with positive remarks by several credit rating agencies and data from a National Association of State Budget Officers survey, the governor said the work done during his first year in office "is showing results, and Wall Street is taking notice."
Acknowledging that improvements “are not going to happen overnight," the governor promised that improvements to everything from Connecticut's economy and energy consumption to transportation and education are on the way.
The city sought the ratings in advance of a $35 million bond sale planned for July 18.
The City of Norwalk has received a top credit ratings from the three major ratings agencies in addition to a stable fiscal outlook.
The S&P/Experian Consumer Credit Default Indices, a measure of changes in consumer credit defaults, fell seven basis points on the month to a composite rate of 0.86 percent.
In January, home prices in the 20 largest U.S. metropolitan regions posted their largest annual gains since the summer of 2006, according to the Standard & Poor's/Case-Shiller Home Price Indices released March 26.
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