Moody’s, S&P assign stable ratings to Providence debt, CIP bonds

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PROVIDENCE CITY Councilman Seth Yurdin has resigned from his post. / PBN FILE PHOTO/CHRIS BERGENHEIM
THE CITY OF PROVIDENCE received stable credit ratings from Moody's Investor Services and S&P Global Ratings for its general obligation debt and the Providence Public Building Authority bonds. / PBN FILE PHOTO/CHRIS BERGENHEIM
PROVIDENCE – After upping its ratings in 2019, Moody’s Investors Service and S&P Global Ratings held steady in their latest ratings for Providence’s general obligation debt and the Providence Public Building Authority’s lease-revenue bonds, the city announced on Monday. The latest ratings assigned by the credit agencies last week reflect the city’s stable financial position,…

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