Bronin reacts as Hartford gets junk bond ratings from Standard & Poor’s

HARTFORD —  Another blow in Hartford’s ongoing budget crisis took place Tuesday. The city’s credit rating has been downgraded by “Standard & Poors” who rated the city’s debt as “junk bonds.” What does that exactly mean? It means that there is low confidence that Hartford will be able to pay back its debts. S&P said the city’s decision to hire a bankruptcy firm did play into the rating downgrade. “The dow