Capital City Bond Rating Lowered Again

HARTFORD, Conn. (AP) – Standard & Poor’s has downgraded Hartford’s bond rating for the second time in two weeks.
The Hartford Courant reports (http://cour.at/2fy7L2f ) the agency lowered Hartford’s rating on Tuesday from B- to CC. Standard & Poor’s has issued a starkreport saying, “a default, a distressed exchange, or redemption appears to be a virtual certainty.”
The city has about $545 million in outstanding general obligation debt.
Mayor Luke