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FITCH RATINGS said that Rhode Island was one of seven states where public pensions underperformed assumptions by more than 2 percentage points from 2001 to 2017. / BLOOMBERG NEWS FILE PHOTO/SCOTT EELLS

Report: R.I. public pensions underperform assumptions by over 2 percentage points...

PROVIDENCE – Rhode Island’s state and local pensions had 10-year average returns of 5.1% and 17-year average returns of 5.7%, according to a new...

R.I. earns high marks on bonds, credit risk from Fitch...

PROVIDENCE – Rhode Island received high marks in a recent bond ratings report from New York-based Fitch Ratings, one of the big three investment...
FM GLOBAL, a mutual insurance company based in Johnston, released its annual report Tuesday that ranks the best places around the world to do business, based on analysis of a number of categories. / COURTESY FM GLOBAL

Fitch affirms ‘AA’ credit rating, ‘stable’ outlook for FM Global

JOHNSTON – FM Global, among the world’s largest commercial and industrial property insurers, has received an “AA” financial strength affirmation from Fitch Ratings, the...

Fitch Ratings affirms Pawtucket IDR rating at ‘A-minus,’ general obligations at...

PAWTUCKET – The city received a bit of good economic news recently when Fitch Ratings, one of the big three credit rating agencies, affirmed...
FITCH RATINGS has affirmed the city of Providence’s “A-“ rating on its outstanding general obligation bonds and affirmed a “BBB” rating for the city’s issuer default rating, which reflects the city’s unsecured general credit quality. The service noted the city has recently improved its financial reliance in a limited fashion. / BLOOMBERG NEWS FILE PHOTO/SCOTT EELLS

Fitch Ratings affirms Providence IDR rating at ‘BBB’ and general obligations...

PROVIDENCE – Fitch Ratings has affirmed the city of Providence’s “A-” rating on its outstanding general obligation bonds and affirmed a “BBB” rating for...

RIAC receives positive rating outlook from Finch

WARWICK – Fitch Ratings has revised the R.I. Airport Corp.’s ratings outlook from stable to positive, citing increased enplanements and reduced costs for airlines...
TYPIFIED BY SCHOOLS FOR HIGHER-LEARNING such as The University of Rhode Island in South Kingstown, shown above, credit ratings firm Fitch noted that Rhode Island's economy is "weighted toward education and health services." / COURTESY UNIVERSITY OF RHODE ISLAND

Fitch gives solid investment grade ratings to new state bonds

PROVIDENCE – Predicting modest economic growth in Rhode Island and noting "prudent fiscal management" in state government, Fitch Ratings gave solid investment-grade ratings for...

Fitch switches ‘rating watch evolving’ CNE note to positive outlook

PROVIDENCE – Fitch Ratings Inc. has removed the “rating watch evolving” note from Care New England’s credit rating, replacing it with a positive outlook...

Fitch gives Cranston high bond ratings

CRANSTON - Fitch Ratings Inc. has given high investment grade bond ratings to Cranston, saying it reflects the city’s solid financial condition and tax...

Fitch Ratings raises 2 measurements of fiscal health for Woonsocket

WOONSOCKET – Fitch Ratings has upgraded Woonsocket’s Issuer Default Rating to BBB+ from BBB- and has raised the city’s outstanding series 2002 and 2005...
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