Tuesday, November 29, 2022

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Wall Street closes higher but still ends week in the red

Stocks on Wall Street shook off a downbeat start and ended broadly higher Friday, though the rebound was not enough to erase their losses...

Moody’s affirms credit rating, economic outlook for R.I. Airport Corp. bonds

PROVIDENCE – The quasi-public agency that controls state airports continues to face moderate credit risk and a stable economic outlook, according to recent ratings...

Moody’s assigns ‘Aa3’ rating for RIHEBC Pawtucket bonds

PROVIDENCE – Moody’s Investors Service recently assigned strong ratings to $34 million in revenue bonds issued by the Rhode Island Health and Educational Building...

Fitch, Moody’s offer strong ratings for $135M in state capital bonds

PROVIDENCE – Credit risk is low and bond quality is high for the $135 million in soon-to-be-sold state bonds for capital projects, according to...

Fitch assigns ‘AAA’ rating to R.I. Infrastructure Bank bonds

PROVIDENCE – Fitch Ratings has assigned an “AAA” rating and stable outlook to $127.9 million in bonds issued by the Rhode Island Infrastructure Bank,...

This step could ease R.I.’s pension woes

Rhode Island’s pension problems are back in the headlines with Providence Mayor Jorge O. Elorza’s proposal to issue a pension obligation bond for approximately...

Magaziner announces $6M savings from bond refinancing

PROVIDENCE – State coffers will see an injection of $6 million thanks to bond refinancing announced by R.I. Treasurer Seth Magaziner on March 2. The...

RIPEC supports borrowing in upcoming bond referenda

PROVIDENCE – The Rhode Island Public Expenditure Council supports borrowing for the seven bond initiatives that will be considered by voters in a special...

Providence City Council authorizes bond refunding, designates savings to cover pension...

PROVIDENCE – The City Council on Dec. 9 voted to refund the city’s bond portfolio, allowing the city to recoup a $1.3 million savings...

Raimondo seeks $223M more in state bonds this year to finance...

PROVIDENCE – Gov. Gina M. Raimondo announced Monday she intends to seek substantially more through state bonding this year for housing, infrastructure and environmental...
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