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Neronha announces new, revised conditions on sale of Roger Williams Medical...

PROVIDENCE – As the potential new owner of two safety net hospitals struggles to raise funds needed to close the sale, Attorney General Peter...
MONEY MATTERS: Brown University Health is using a portion of the funds raised in a $300 million bond issue last year to finance a Miriam Hospital renovation project that will include a new emergency department. The rendering shows what the completed $125 million project will look like. 
COURTESY THE MIRIAM HOSPITAL

Health care bond use grows nationally, but uncertainty looms for R.I....

As health systems’ balance sheets and labor forces are stabilizing, the health care bond market has rebounded. But uncertainty still reigns for Rhode Island...

Federal Reserve leaves interest rates unchanged

WASHINGTON (AP) – The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn't plan to...

Bank of America’s Q1 profits fall 18% on higher expenses, charge-offs 

NEW YORK (AP) – Bank of America Corp. said on Tuesday its first-quarter profits fell 18%, as the bank dealt with rising expenses due...

Voters usually say yes to bond issues. Are local, state officials...

It’s not a great time to borrow.  Talk to anyone who recently took out a mortgage or a car loan, now paying interest rates not...

Lifespan considering $300M bond issue for construction projects

PROVIDENCE – Lifespan Corp. is eyeing the possibility of issuing approximately $300 million in tax-exempt bonds to fund several projects, including construction, expansion, remodeling...

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...
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