Fitch upgrades RIAC bond rating to ‘A-’

FITCH RATINGS on Monday upgraded R.I. Airport Corp.’s $57 million of outstanding general obligation bonds from ‘BBB+” to “A-,” RIAC's third bond revenue upgrade of the year.  / COURTESY R.I. AIRPORT CORP.

PROVIDENCE – The R.I. Airport Corp. has scored a financial hat trick this year. Fitch Ratings on Monday upgraded the quasi-public agency’s $57 million of outstanding general-obligation bonds issued by R.I. Commerce Corp. in June 2020 from ‘BBB+” to “A-,” RIAC’s third bond-revenue upgrade of the year. S&P Global upgraded RIAC’s long-term bond rating to

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