While Democratic officials met news of Connecticut’s boosted credit rating effusively on Tuesday, Republicans drew attention to new survey results showing on-the-ground feelings about the economy overall aren’t so rosy.
Standard & Poor’s (S&P), a major New York City-based credit-rating agency, assigned the state’s general-obligation bonds a “positive” outlook; before the rating was merely “stable.” S&P attributed its upgrade to the state projecting it will accumulate a $3.31-billion fund balance in the next fiscal year, amounting to 15 percent of appropriations.
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