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CONNECTICUT 'AA+' GENERAL OBLIGATIONS OFF FITCHALERT, TREND DECLINING -- FITCH FINANCIAL WIRE --

CONNECTICUT 'AA+' GENERAL OBLIGATIONS OFF FITCHALERT, TREND DECLINING
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Dec. 16 /PRNewswire/ -- Connecticut's "AA+" general obligation bond rating and the "AA+/F-1+" rating assigned to its Economic Recovery Notes Series B (Variable Rate Demand) are removed from FitchAlert following the failure of the movement to repeal to personal income tax, Fitch announced today. The credit trend for the state remains declining. Connecticut continues to suffer from recessionary conditions and now faces a budget deficit estimated at $177 million.
 -0- 12/16/91
 /CONTACT: Clair G. Cohen of Fitch, 212-908-0552/ CO: ST: Connecticut IN: SU: RTG


TS -- NY058 -- 2544 12/16/91 13:09 EST
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Publication:PR Newswire
Date:Dec 16, 1991
Words:108
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