S&P upgrades Providence general obligation rating

PROVIDENCE'S GENERAL Obligation bonds rating was upgraded to a BBB+ from a BBB and assigned a stable outlook by S&P Global Ratings. / PBN FILE PHOTO/ CHRIS BERGENHEIM
PROVIDENCE'S GENERAL obligation bonds rating was upgraded to a BBB+ from a BBB and assigned a stable outlook by S&P Global Ratings. / PBN FILE PHOTO/ CHRIS BERGENHEIM
PROVIDENCE – S&P Global Ratings has upgraded the city’s general obligation debt rating to a BBB+ from a BBB, Mayor Jorge O. Elorza announced Wednesday. The ratings agency also improved the long-term rating on the Providence Public Building Authority’s lease-revenue bonds to BBB from BBB-, and raised the long-term rating for Providence’s moral obligation debt,…

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