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Rating Cut by Fitch on Wealthiest U.S. State

http://www.economicpolicyjournal.com/2010/06/rating-cut-by-fitch-on-wealthiest-us.html
JUNE 07, 2010


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.

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