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Moody’s downgrades water utility’s credit rating, citing weakening finances, debt

Moody’s downgrades water utility’s credit rating, citing weakening finances, debt

by Joelyn Leon | Jun 5, 2024 | Uncategorized

Moody’s Ratings has downgraded Aquarion Water Co.’s credit rating one notch, placing it into a higher-risk category. In late May, Moody’s lowered the water utility’s credit rating from A3 to Baa1, noting its low overall business risk, with a weakening financial...
Moody’s downgrades water utility’s credit rating, citing weakening finances, debt

DOT Aims to Curb Work Zone Speeding with Expanded Camera Program

by Joelyn Leon | Jun 5, 2024 | Uncategorized

From April to December 2023, DOT officials piloted a work zone camera program at three different sites, issuing 24,900 warning citations for speeding. With the threat of a $75 fine for repeat offenses, most drivers complied with speed limits, officials said, resulting...
Moody’s downgrades water utility’s credit rating, citing weakening finances, debt

The country’s first utility-run geothermal heating and cooling system launches in Framingham

by Joelyn Leon | Jun 5, 2024 | Uncategorized

The Framingham system consists of a giant underground loop filled with water and antifreeze, similar to the way gas is delivered to several houses in a neighborhood. Water in the loop absorbs heat from underground, which remains at about 55 degrees Fahrenheit all...
Moody’s downgrades water utility’s credit rating, citing weakening finances, debt

Mixed-use apartment project breaks ground in Windsor

by Joelyn Leon | Jun 4, 2024 | Uncategorized

The Residences at Bowfield Green mixed-use development in downtown Windsor is set to take shape as town officials and members of the development team broke ground on the project Monday. The development by Sachdev Real Estate Development Group and property owner Dr....
Moody’s downgrades water utility’s credit rating, citing weakening finances, debt

Stamford Mill Road bridge closed after steel beams found with ‘severe deterioration,’ report reveals

by Joelyn Leon | Jun 4, 2024 | Uncategorized

A small Stamford bridge on Mill Road that was closed down last week was in “critical condition,” with “significant cracking” of the pavement and “severe deterioration” of the steel beams underneath, a construction report states. The...
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The Foundation for Fair Contracting of Connecticut (FFC) is a non-profit organization that promotes fairness and accountability in public works construction. Since 1994, we’ve worked to enforce prevailing wage laws, ensure proper worker classification, and support compliance with state standards to protect workers’ rights and help contractors follow the rules.

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