CT credit rating boosts give Lamont vindication on Walll Street

CT Mirror, Sep 10, 2025

By Keith M. Phaneuf

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" Connecticut continues to earn higher marks from Wall Street credit ratings agencies, Gov. Ned Lamont announced Wednesday, hailing the latest upgrades as further evidence that his administration has reversed the state’s once-floundering fiscal outlook.

. . .

Moody’s elevated Connecticut’s score from Aa3 to Aa2. The “Aa” ratings bracket is Moody’s second-highest and is reserved for states and other entities whose bond offerings are 'of high quality and are subject to very low credit risk.'

Similarly, Fitch upgraded Connecticut from AA- to AA.  For Fitch, “AA” is its second-highest ratings tier and is reserved for bond offerings 'of very low default risk.' "