After Hartford Mayor Luke Bronin had warned Thursday that the capital of the wealthiest state in the US could be broke in as little as two months, city officials scheduled a conference call with bondholders to begin restructuring talks, according to Bloomberg.
As we noted earlier, Hartford’s financial troubles have been compounded by a broader crisis in the state government.
Just two days after S&P downgraded Hartford to junk, Moody's has piled on, pushing the Connecticut State capital below investment-grade due to "the increased likelihood that the city will pursue debt restructurings to address its fi...
Well, that escalated quickly. Just two months after Standard & Poor’s downgraded its general obligation debt to junk status, warning that the historic Connecticut capital could soon follow other once-proud cities like Detroit into b...
Hartford is expanding the scope of its search as it recruits applicants to join the city's police department. Mayor Luke Bronin says the city will take applications for the recruitment … Click to Continue »
Connecticut Gov. Dannel P. Malloy and Hartford Mayor Luke Bronin are encouraging the New York Islanders to consider moving to the state's capital city, for the short- or even long-term