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Connecticut has received a Moody’s bond rating upgrade for the first time since 2001 from “A1” to “AA3.”
Both Democratic Governor Ned Lamont and Republican opposition lawmakers take credit. Melissa McCaw, Lamont’s budget director, said Moody s upgrade is a validation of Lamont’s tight budget controls.
“Moody cites our very strong budget management. Some of our very strong controls, like controlling revenue that we rely on that are volatile. We call that our volatility cap. These are all signs that we are making sound decisions for Connecticut’s comeback,” McCaw said.
Senate Republican leader Kevin Kelly said GOP lawmakers should also get credit. He said they helped craft the bipartisan budget in 2017 that included the volatility cap which has now produced the state’s projected $3.7 billion rainy day fund.
China Puts Limits on Foreign Banks, Worrying Businesses
New rules, aimed at taming big money flows and possibly controlling the Chinese currency, could give domestic rivals a competitive edge and make international firms more dependent on local lenders.
The People’s Bank of China, the country’s central bank, issued the new rules on foreign banks.Credit.Wu Hong/EPA, via Shutterstock
April 2, 2021, 5:21 a.m. ET
SHANGHAI To defend against accusations by Washington and others that it doesn’t play fair on trade, Beijing could point to the banks. Chinese leaders have been steadily lowering the barriers they had erected around the country’s vast financial system, giving Wall Street and European lenders a greater shot at winning business in the world’s second-largest economy.
New York, US (PANA) - Around one in eight nations spends more on debt than on social services, according to a new report from the UN Children’s Fund (UNICEF) launched on Thursday, calling&n
Courtesy SmartAsset
Pulaski County is about average when it comes to how much Kentuckians use their credit cards.
Credit utilization rate is a factor that weighs heavily in how credit reporting agencies score your credit. As part of a recent study, SmartAsset looked at Kentucky to determine where residents had the lowest per capita credit card debt in hopes of giving a broad picture of a community s financial stability.
According to the study, Pulaski County residents debt ranked near the middle for Kentucky at 52 among the commonwealth s 120 counties. The study measured the ratio of credit card debt to per capita income for each county and the ratio of credit card debt to net wealth per capita in each county.