Fitch rates Providence bonds ‘BBB,’ outlook negative

FITCH RATINGS LTD. has rated Providence's $40 million general obligation bonds series 2013A as
FITCH RATINGS LTD. has rated Providence's $40 million general obligation bonds series 2013A as "BBB," outlook negative. / BLOOMBERG FILE PHOTO/SCOTT EELLS
NEW YORK – Fitch Ratings has ranked Providence’s general obligation bonds as “BBB,” outlook negative, due to what the global ratings company said was “remaining uncertainly” and the fact that the city still faces “financial pressure and limited flexibility.” The bonds, $40 million general obligation bonds series 2013A, are scheduled to price via negation during…
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