S&P upgrades bond ratings for RIAC

PROVIDENCE – Standard & Poor’s Global Ratings has upgraded R.I. Commerce Corp.’s general airport revenue bonds issued for the R.I. Airport Corp. from BBB+ to A. The Jan. 14 report noted RIAC has “very strong” management and governance, “extremely strong service-area economic fundamentals,” low industry risk relative to other sectors and industries, and adequate market…

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