New Credit Rating UpgradeMay 21, 2023
Good news for Connecticut's growing economy! Connecticut just received an upgraded credit rating from the Kroll Bond Rating Agency, which means that our General Obligation bond credit rating was upgraded from AA (stable) to AA+ (stable), just one step below the highest credit rating possible!
This news is an excellent testament to the success of the bipartisan fiscal guardrails and budgeting disciplines we have in place.
Our state has received an improved credit rating before.
Just last year, Standard & Poor’s (S&P) upgraded Connecticut's credit rating from A+ (positive) to AA- (stable). In 2021, all four major credit rating agencies upgraded Connecticut's credit rating, including Moody's. S&P, Fitch and Kroll.
A credit upgrade allows us to maintain a strong financial standing and strengthens our appeal to those looking to make investments here.