CUSIP 416415DU8

  • ISIN: US416415DU81
  • Entity Name: City of Hartford
  • Sector: Municipal
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • 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
  • Description: *****
  • Bond Document:
  • Latest Corporate Actions:

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