Diverging Economies And Operating Predictability Shape Credit Differences For Connecticut And Massachusetts Local Governments

Source: Christian Richards, Thomas J Zemetis, S&P Global Ratings, June 5, 2018
(subscription required)

As the end of fiscal 2018 nears, diverging credit narratives have materialized for Connecticut and Massachusetts local governments. While both states maintain strong wealth and income indicators, their post-recession economies signal a deepening divide.