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BRIEF-‍Fitch says state budget risk mixed for Connecticut local governments​
September 5, 2017 / 4:37 PM / 20 days ago

BRIEF-‍Fitch says state budget risk mixed for Connecticut local governments​

Sept 5 (Reuters) - Fitch:‍

* Fitch says state budget risk mixed for Connecticut local governments​

* ‍Fitch says expects majority of its Connecticut local government ratings will remain stable despite state fiscal challenges

* ‍Reductions in funding to local governments will likely be significant part of gap-closing solutions undertaken by Connecticut to resolve a budget gap​

* ‍Fitch says solid revenue, expenditure flexibility, sound budget management practices, healthy reserve levels support local credit quality in connecticut​ Source text for Eikon:

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