Moody’s, S&P, Fitch Settle Ratings Dispute With Connecticut
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Moody’s Investors Service Inc., Standard & Poor’s and Fitch Inc. reached settlements resolving claims by Connecticut that the credit rating companies unfairly gave lower ratings to public bonds.
The companies will credit Connecticut about $900,000, which will be used to offset the expense of obtaining future ratings on the sales of state bonds, Attorney General George Jepsen said today in a statement.