S&P upgrades bond ratings for RIAC

S&P GLOBAL RATINGS has upgraded R.I. Commerce Corp.’s general airport revenue bonds issued for the R.I. Airport Corp. from BBB+ to A. / COURTESY R.I. AIRPORT CORP.
S&P GLOBAL RATINGS has upgraded R.I. Commerce Corp.’s general airport revenue bonds issued for the R.I. Airport Corp. from BBB+ to A. / COURTESY R.I. AIRPORT CORP.
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, RIAC announced Monday. The upgrade report noted that the RIAC has “very strong” management and governance, “extremely strong service-area economic fundamentals,” low industry risk relative to other sectors and…

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