Ratings agencies following budget impasse

Rhode Island's budget impasse is being followed by independent ratings agencies./PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS
Rhode Island's budget impasse is being followed by independent ratings agencies./PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS
NEW YORK – Rhode Island’s budget impasse is on the radar of independent ratings services companies, with Fitch Ratings on Thursday describing it as one of the “most surprising” developments among states with delayed fiscal year budgets. The Rhode Island state credit rating has not been affected, and no adverse rating change has been forecast.…

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