Hartford’s bond rating drops again

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

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

It had already been downgraded to junk bond status, now it’s being lowered from  “B-minus” another four notches to “CC” due to the likelihood of default.

“The downgrade to ‘CC’ reflects our opinion that a default, a distressed exchange, or redemption appears to be a virtual certainty,” said S&P Global Ratings credit analyst Victor Medeiros.

Hartford Mayor Luke Bronin warned lawmakers,  the city could file for bankruptcy if it doesn’t get enough money from the state by November.


Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.