CUSIP 416415DT1

• ISIN: US416415DT19
• Entity Name: City of Hartford
• Sector: Municipal
• Announcement Date: 03-Oct-2017
• Effective Date: *****
• Issue Date: *****
• Maturity Date: 01-Apr-2032
• Country of Issuer: United States
• Region: N.Amer
• Issue Currency: United States of America Dollars
• CA Type: Rating Downgrade
• News: Moody`s Investors Service has downgraded the City of Hartford, CT`s general obligation debt rating to Caa3 from Caa1 and removes the rating from review for possible downgrade started on September 12, 2017. The rating action applies to approximately $536.5 million in bonds. The outlook is negative. The downgrade to Caa3 reflects increased likelihood of default as early as November and a higher probability of significant bondholder impairment given impending bankruptcy. The rating further incorporates uncertainty from the state budget impasse and approval by the state legislature of a budget that does not provide any additional aid requested by Hartford to manage a current year budget gap. The Caa3 rating reflects expectation that bondholders will recover 65% to 80% of principal, in light of the city`s large structural deficits that will require relief from multiple sources. For Bond Document please visit www.BondPDF.com
• Description: Municipal Name: City of Hartford CUSIP: 416415DT1 Currency: USD City of Hartford announced today that the Moody`s Investors Service has downgraded the rating of the Series 2013 General Obligation Bonds from Caa1 to Caa3.
• Bond Document: https://www.bondpdf.com/
• Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US416415DT19