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BRIEF-Moody's assigns AA3 to Connecticut GO bonds outlook negative
November 29, 2016 / 7:35 PM / 10 months ago

BRIEF-Moody's assigns AA3 to Connecticut GO bonds outlook negative

Nov 29 (Reuters) - Moody’s Investors Service

* Moody’s assigns AA3 to Connecticut GO bonds; outlook negative

* Connecticut’s outlook negative, reflects lagging economy & weakening demographics that have led to budgetary strain as fixed costs have risen

* Believe that economic trends will place negative pressure on Connecticut's finances in next few years,very high fixed costs reduce flexibility Source text:[bit.ly/2fNIcHG]

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