Fitch Ratings affirms Providence IDR rating at ‘BBB’ and general obligations at ‘A-’

FITCH RATINGS has affirmed the city of Providence’s “A-“ rating on its outstanding general obligation bonds and affirmed a “BBB” rating for the city’s issuer default rating, which reflects the city’s unsecured general credit quality. The service noted the city has recently improved its financial reliance in a limited fashion. / BLOOMBERG NEWS FILE PHOTO/SCOTT EELLS
FITCH RATINGS has affirmed the city of Providence’s “A-“ rating on its outstanding general obligation bonds and affirmed a “BBB” rating for the city’s issuer default rating, which reflects the city’s unsecured general credit quality. The service noted the city has recently improved its financial reliance in a limited fashion. / BLOOMBERG NEWS FILE PHOTO/SCOTT EELLS
PROVIDENCE – Fitch Ratings has affirmed the city of Providence’s “A-” rating on its outstanding general obligation bonds and affirmed a “BBB” rating for the city’s issuer default rating, or IDR, which reflects the city’s unsecured general credit quality on Thursday. Fitch Ratings noted the city has a high level of independent revenue-raising ability but…

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