|Bid||39.66 x 200|
|Ask||39.67 x 500|
|Day's Range||39.48 - 40.39|
|52 Week Range||26.37 - 45.73|
|PE Ratio (TTM)||4.44|
|Dividend & Yield||0.57 (1.38%)|
|1y Target Est||N/A|
Hartford’s biggest bond insurer said it had offered to help the city postpone payments on as much as $300 million in outstanding debt, in a move designed to help prevent a bankruptcy filing for Connecticut’s ...
The mayor of Hartford on Monday told bond investors that Connecticut's cash-strapped capital city has no room left to tax or cut its way out of its fiscal crisis, a bond holder said. Mayor Luke Bronin reiterated that Hartford needs a substantial amount of state funding to avoid a Chapter 9 bankruptcy filing, according to bondholder Belle Haven Investments. Bronin laid out the city's dire circumstances and its potential case for insolvency in a call with investors, said Matthew Dalton, CEO of Belle Haven, which holds $30 million of insured Hartford general obligation debt.
Securities insurer Assured Guaranty Ltd said on Monday it is willing to issue Hartford, the capital of Connecticut, a general obligation bond that could help the city avoid filing for bankruptcy. Hartford would likely seek to file for bankruptcy if the state does not have a budget in place in 60 days, Mayor Luke Bronin had warned earlier this month. Assured Guaranty said it had it had met with the leadership of Hartford, members of the governor's staff, and other state and local representatives about the city's fiscal challenges.