Moody's "confirmed the City of New.........>

US MUNIS: Moody's "confirmed the City of New Haven, Connecticut's general

obligation unlimited tax (GOULT) rating at Baa1 and assigned a negative

outlook," concluding its review begun on Oct. 16, 2017. "That review was

prompted by the state of Connecticut's (A1 stable) then ongoing budget impasse

and the significant cuts in state funding to the City of New Haven in the

executive order, which governed state spending during that impasse."

- That occurs due to New Haven's "limited financial position, which has been

bolstered in recent years by bond restructurings for cash flow savings," it

said. "Reliance on one-time saving measures, high fixed costs and cuts in state

revenues compound to challenge the city in making notable improvements in

reserve and cash levels. Positively, the city's tax base and local economy

remains strong, stabilized by Yale University and Yale New Haven Health."