Fitch Ratings maintains negative rating for Connecticut, cites budget woes, slow recovery
July 30, 2014 at 17:07 PM EDT
A ratings agency has maintained Connecticut's debt rating as negative, saying the state's budget relies on one-time fixes and calling the state's economic recovery "slow and uneven." The analysis by Fitch Ratings released Tuesday said the General Assembly relied on one-time items such as shifting millions of dollars from last year's surplus into the budget that took effect July 1.