WTIC1080
Weather alert: Flood watches and a flood warning have been posted for parts of the state, including minor flooding along the Connecticut River. Read More

standard and poor’s

(Chip Somodevilla/Getty Images)

Justice Department Files Suit Against Credit Rating Agencies

Connecticut’s Attorney General joined other state attorneys geeneral and top justice department officials to announce the first major government action against a credit-rating agency, saying Standard & Poor’s knowingly inflated its ratings on risky mortgage investments that helped trigger the 2008 financial crisis.

02/05/2013

File photo of a calculator. (Photo by Peter Macdiarmid/Getty Images)

Officials Predict No Debt Rating Fallout In CT

Gov. Dannel P. Malloy and his budget
director say they don’t expect Connecticut’s bond rating to feel
the ill effects of Standard and Poor’s decision to downgrade the
federal government’s bond rating.

08/08/2011