Fitch Ratings assigns R.I.’s general obligation bonds ‘AA’ rating

FITCH RATINGS assigned Rhode Island's new general obligation bonds an
FITCH RATINGS assigned Rhode Island's new general obligation bonds an "AA" rating. / BLOOMBERG FILE PHOTO/SCOTT EELLS
PROVIDENCE – Fitch Ratings assigned Rhode Island’s $149 million general obligation bonds an “AA” rating Wednesday and said the state’s economic outlook is stable. Fitch noted the rating was based on the state’s “conservative and prudent fiscal management and a moderate long-term liability position.” According to Fitch, “AA” ratings denote expectations of very low default…

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