Moody’s upgrades Providence outlook to stable, affirms Baa1 and Baa2 debt ratings

PROVIDENCE'S DEBT ratings were affirmed by Moody's Investors Service at Baa1 and Baa2 for general obligation debt and lease revenue debt, respectively. However, Moody's upgraded the city's debt outlook from negative to stable. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE'S DEBT ratings were affirmed by Moody's Investors Service at Baa1 and Baa2 for general obligation debt and lease revenue debt, respectively. However, Moody's upgraded the city's debt outlook from negative to stable. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – Moody’s Investors Service Inc. has affirmed Providence’s Baa1 general obligation debt rating and Baa2 lease revenue debt rating, but has revised the outlook on the city’s ratings from negative to stable, the financial services company announced Tuesday. The stable outlook indicates that the company does not believe that the city’s credit ratings will…
To read the full story, Subscribe or
Subscribe to PBN
- Advertisement -