HARTFORD — A national bond rating agency is noting how Connecticut has now amassed its “highest ever” emergency reserve account. Moody’s Inves...

HARTFORD — A national bond rating agency is noting how Connecticut has now amassed its “highest ever” emergency reserve account.

Moody’s Investors Service recently issued a report highlighting how the rainy day fund is projected to be more than $2 billion.

Moody’s called it a “credit positive for a state that has experienced a stagnant economy and numerous financial challenges.”

Moody’s notes how personal income tax collections are trending higher than a year ago, calling fiscal 2018 a banner year due to a windfall from hedge fund-related earnings and taxpayers trying to take advantage of the federal tax deduction for state and local taxes before it disappears.