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Treasurer Denise Nappier called for sound bond-cap provisions, full funding of ARCs and adherence to a 2008 pension bond covenant.
October 23 -
Few details have emerged yet about a tentative state budget deal that might help the capital city dodge bankruptcy.
October 20 -
Moody's Investors Service placed 29 cities and school districts on review for downgrade.
October 17 -
S&P lowered its outlook to negative, citing constraints from the four-month impasse.
October 16 -
The Connecticut Education Association seeks an injunction, calling the governor's executive-order cuts illegal.
October 12 -
Robert Lamb of Lamont Financial Services is a veteran of municipal turnaround efforts in Connecticut.
October 2 -
The state still lacks a budget as Democratic Gov. Dannel Malloy vetoed a Republican-crafted $40.7 billion biennial spending plan. Meanwhile, capital Hartford spirals toward a possible bankruptcy. Mayor Luke Bronin says increased state aid, bondholder flexibility and labor concessions are all needed to keep the city out of Chapter 9.
October 2 -
The rating agency says Assured Guaranty and Build America Mutual are open to a traditional bond refinancing, not a bond restructuring or a haircut.
September 28 -
Luke Bronin called the latest multiple-notch downgrades no surprise.
September 27 -
Hartford, Conn.’s debt rating was dropped to CC by S&P Global Ratings Tuesday, which called a default, distressed exchange, or redemption a “virtual certainty.”
September 26