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Bonds News

BRIEF-S&P cuts Hartford, Connecticut's GO debt rating to 'BBB-'

May 15 (Reuters) - S&P:

* Says Hartford, CT GO debt rating lowered to ‘BBB-’ on state aid uncertainty; on creditwatch negative

* Lowered rating on Hartford, Connecticut’s GO bonds to ‘BBB-’ from ‘BBB’, rating on Hartford Stadium Authority’s lease revenue bonds to ‘BB+’ from ‘BBB-‘

* Downgrade reflects heightened uncertainty on whether Connecticut will increase intergovernmental aid or lend state support to Hartford Source text - (bit.ly/2qoycs2)

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