Hartford Business.com
February 09, 2012
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Another Wall Street debt-rating agency has joined the chorus of concern about Connecticut's ability to generate enough revenue to repay its debts.
Fitch Ratings said today it assigned an 'AA' rating to state's $12.8 billion in outstanding bonds, but it has put them up for review with a negative rating outlook.
Last week, Gov. M. Jodi Rell sounded alarms at the Capitol when Moody's Investors Service raised similar concerns about the state's debt load amid a weak economy that makes raising taxes and generating other revenue difficult.
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