Thursday, April 11, 2019

Bond investors and David Carr have confidence in Connecticut

These excerpts from the attached 4/18/19  CT. Post article support my confidence in the multiple values of living in Connecticut- David Carr.   “Bond investors overwhelmingly are making a bet on the future of Connecticut, They can read official statements and they have analysts who do that all the time but to be in a room in that setting and to kick the tires and ask questions ... you’re getting a qualitative analysis of what’s happening with the state and the leadership.” Shawn Wooden, State Treasurer said.  Howard Sitzer at CreditSights, said Connecticut is moving slowly in the right direction, and that helped the recent sale. “The ‘debt diet’ Governor Lamont has proposed...may have additionally driven demand for this issue,” David M. Womack, senior vice president at Blaylock Van LLC and a co-manager of the bond issue said “ “It’s still by and large a wealthy state, it’s got good schools and it’s between Boston and New York. ... People aren’t heading for the exits.”