Home Industries Financial Services Moody’s affirms Providence’s ‘A3’ bond rating

Moody’s affirms Providence’s ‘A3’ bond rating

Updated at 1:36 p.m.

MAYOR BRETT P. SMILEY sent a letter Thursday to Providence school officials offering to provide mid-year funding to help the district close its budget gap under certain conditions. / PBN FILE PHOTO / MICHAEL SALERNO

PROVIDENCE – The city’s bond is holding steady as Moody’s Investors Service affirmed its rating of “A3,” Mayor Brett P. Smiley said Thursday. Moody’s report, issued on July 30, comes after the credit agency upgraded Providence’s General Obligation Bonds rating from “Baa1” to “A3” last year.  “We have worked diligently to balance our financial operations

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