May 15, 2017 / 7:23 PM / 4 months ago

BRIEF-Moody's downgrades to A1 Connecticut GO bonds

May 15 (Reuters) - Moody‘s:

* Moody’s downgrades to A1 Connecticut GO bonds; outlook stable

* Moody‘s, on Connecticut says, has also downgraded to A1 from AA3 outstanding ratings on special tax obligation senior and subordinate lien bonds

* Moody‘s, on Connecticut, says downgrades reflect continuing erosion of Connecticut’s finances, growing budget gaps and rising debt levels

* Moody's says Connecticut's outlook is stable, reflecting its strong provisions to promote fiscal discipline among other things Source text (bit.ly/2pDf785)

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