Fitch Ratings raises 2 measurements of fiscal health for Woonsocket

FITCH RATINGS HAS upgraded Woonsocket’s Issuer Default Rating as well as the city’s outstanding series 2002 and 2005 general obligation bonds due to improved expenditure flexibility and positive general fund and school fund operations. / BLOOMBERG FILE PHOTO/SCOTT EELLS
WOONSOCKET – Fitch Ratings has upgraded Woonsocket’s Issuer Default Rating to BBB+ from BBB- and has raised the city’s outstanding series 2002 and 2005 general obligation bonds to A from BBB+. Fitch also declared the city’s rating outlook remains positive. The IDR rating was upgraded because of improved expenditure flexibility and positive general fund and…

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