Fitch affirms bond rating, economic outlook for RITBA

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FITCH RATINGS has affirmed its “A” rating and stable outlook for the $48 million of R.I. Turnpike and Bridge Authority bonds.
PROVIDENCE – Fitch Ratings has affirmed its “A” rating and stable outlook for the $48 million of R.I. Turnpike and Bridge Authority bonds, according to a news release. The rating reflects level traffic on the RITBA Pell Bridge, “moderate” toll rates and its ability to use excess revenues from the state motor fuel tax to…

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