HARTFORD, Conn. AP - Connecticut sued three of the nation's leading credit rating firms on Wednesday, alleging they gave artificially low marks to cities and towns across the state.State Attorney General Richard Blumenthal said the alleged actions are costing taxpayers millions of dollars because of unnecessary bond insurance and higher interest rates.
July 30, 2008 at 12:00 AM
1 minute read
HARTFORD, Conn. AP – Connecticut sued three of the nation’s leading credit rating firms on Wednesday, alleging they gave artificially low marks to cities and towns across the state.
State Attorney General Richard Blumenthal said the alleged actions are costing taxpayers millions of dollars because of unnecessary bond insurance and higher interest rates.
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