Hartford credit rating goes down

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Downtown Hartford

HARTFORD — Standard & Poor’s is dropping the city’s credit rating once again.

It had already been downgraded to junk bond status, ow it’s being lowered another four notches to “B-minus.”

An analyst with S&P didn’t seem optimistic about the city’s ability to get much-needed aid from the state to pay its bills. Pointing out recent budget proposals that don’t call for significant yearly increases to the city.
Hartford Mayor Luke Bronin warned lawmakers, ┬áthe city could file for bankruptcy if it doesn’t get enough money from the state by November.