Connecticut Scores Bond-Rating Gains with Improved Budget Management and Pension Contributions

Connecticut has received bond-rating upgrades from Moody's and Fitch, citing improved budget-management practices and reduced liabilities. The state's "debt diet" has led to increased budgetary reserves and consistent pension contributions, moderating its high unfunded pension liabilities. Connecticut has also reported a 10.14% return on its retirement funds for fiscal 2025, exceeding its assumed rate of return.