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06-06-2010, 05:31 PM #1
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Credit Rating Cut on Wealthiest U.S. State... Connecticut
Rating Cut by Fitch on Wealthiest U.S. State
Saturday, June 5, 2010
223 comments:
Connecticut is preparing to borrow $956 million to close a budget gap in the fiscal year beginning July 1, after borrowing money last year to cover a deficit of $947.6 million. Not good. Fitch has reduced the states credit rating from AA+ to AA.
“The downgrade reflects the state’s reduced financial flexibility, illustrated by its reliance on sizable debt issuances during the current biennium to close operating gaps in the context of already high liabilities,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
BRUTAL! Bill Melugin Throws Down Against Jim Jordan and GOP...
05-10-2024, 04:20 PM in illegal immigration News Stories & Reports