Fitch upgrades Providence bonds

PROVIDENCE MAYOR Jorge O. Elorza said he is excited that Fitch Ratings "has recognized our efforts and has upgraded our credit rating." / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE MAYOR Jorge O. Elorza said he is excited that Fitch Ratings "has recognized our efforts and has upgraded our credit rating." / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – Fitch Ratings has upgraded the city’s outstanding General Obligation bonds to A- from BBB-, and its Issuer Default Rating to BBB from BBB-. It also has assigned the city a stable outlook. “I am excited to see that Fitch has recognized our efforts and has upgraded our credit rating,” Mayor Jorge O. Elorza…

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