Fitch Ratings has assigned ‘AA-‘ ratings and a negative outlook to two sets of UConn bonds totaling $200 million.
UConn’s ratings are linked to the state’s own bond rating.The negative outlook reflects the state’s “reduced fiscal flexibility at a time of lingering economic and revenue uncertainty,” according to Fitch.
Fitch said the state’s current budget relies on one-time revenues and anticipates little near-term progress in improving the state’s fiscal flexibility.
