Fitch: Providence Place mall defaults on mortgage loan

Updated at 5:07 p.m.

THE COMPANY THAT owns the Providence Place mall has defaulted on its mortgage, according to Fitch Ratings./ PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – The company that owns the Providence Place mall has defaulted on its mortgage and is at risk for downgrades in its bond ratings, according to Fitch Ratings. The ratings agency in a May 11 report affirmed the “AAA” ratings for the pass-through certificates on the mall, which are secured through a Payment in…

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