Connecticut’s ‘Debt Diet’ Pays Off With Two Bond-Rating Upgrades

Connecticut is collecting fiscal wins this week.

The state got bond-rating upgrades from Moody’s Ratings and Fitch Ratings, both of which cited improvements to the state’s budget-management practices. Moody’s raised Connecticut by one step to Aa2 on Tuesday, and Fitch followed on Wednesday by lifting the state to AA from AA-. Both are the third-highest levels.