Cranston’s bond rating upgraded; outlook boosted

Fitch Ratings has upgraded to 'BBB' from 'BBB-' Cranston’s outstanding general obligation bonds, the ratings agency announced Friday. The rating outlook is revised to positive from stable. This rating action affects the city's approximately $39 million outstanding GO bonds not covered by the Cranston Qualified Bond Act. Concurrently, Fitch affirms the 'A+' rating on the…

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