NEW YORK–(BUSINESS WIRE)–On March 27, 2018, the City of Hartford and the State of Connecticut entered into a contract assistance agreement under which the State agreed to pay the debt service on the City’s general obligation debt from its general resources. Though KBRA recognizes that the State’s debt levels are high, KBRA does not view the assumption of the City’s general obligation debt as significantly increasing the State’s debt burden. In KBRA’s view, the State’s decision to establish a
