Moody’s gives Connecticut a higher credit rating for first time in two decades in “a significant milestone’'

20 Apr 2021

Economic Development

With the state’s largest rainy day fund in history, Moody’s Investors Service upgraded Connecticut’s bond rating Wednesday for the first time in 20 years.

As tax collections have performed better than expected during the ongoing pandemic, the Wall Street rating for general obligation bonds was moved from “A1” to “Aa3” in the first upgrade since February 2001.

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