Posted on 07/12/2017 11:05:48 AM PDT by Lorianne
They managed to drive out the insurance industry too. Aetna leaving Hartford for NYC https://www.nytimes.com/2017/06/29/nyregion/insurance-giant-aetna-is-leaving-hartford-for-new-york.html
All municipal debt is till way over-rated. My company’s bonds are “junk” status, but has a way lower risk rating than Illinois and many other municipals. Our revenue would have to drop 35% before interest coverage would be an issue (and it dropped 25% in the great recession) with cutting capex or scaling back the dividend.
Hartford has been hurting for a long time. Had a GF there in the 80s who lived right near downtown.....was like a war zone then.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.