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FOR IMMEDIATE RELEASE: January 11, 2016 STANDARD & POOR’S UPGRADES CITY BOND RATING TO “A+” Agency sees continued improvements, commitment to balanced budgets NEW BRITAIN—Coming off the heels of a 2014-15 audit confirming a $14.9 million budget surplus, Standard & Poor’s Rating Services (S&P) has announced a positive upgrade to New Britain’s bond rating, increasing it to “A+” with a…
The Bond Buyer October 21, 2016 NEW BRITAIN, Conn. – The second bond-rating upgrade in 10 months for New Britain, Conn. is further proof the city is moving in the right direction, said Mayor Erin Stewart. “We’re a city on the rise and we’re very well managed,” Stewart said days after Fitch Ratings elevated the central Connecticut city to A-minus…