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Fitch upgrades Providence’s bond ratings to highest in 11 years

PROVIDENCE – The city has hit an 11-year high in financial stability, according to Fitch Ratings. The agency recently upgraded the city’s two outstanding general...
REPRESENTATIVES from the company that owns the Providence Place mall advocated for a new, 20-year tax treaty with the city during a public hearing on Thursday, but local residents and officials expressed concern. / PBN FILE PHOTO/MICHAEL SALERNO

Providence mall owners make case for new 20-year tax discount

PROVIDENCE – The owners of the Providence Place mall made their case Thursday for another 20-year discount on city taxes. But the arguments did not...

City may extend Providence Place mall’s tax break another 20 years

PROVIDENCE – City lawmakers are considering giving another 20-year tax break to the company that owns the Providence Place mall. The City Council on Thursday...

Fitch affirms ratings on RISLA student loan bonds

PROVIDENCE – Fitch Ratings recently affirmed its stable outlook and ratings on bonds from the Rhode Island Student Loan Authority, according to a report. The...
FITCH RATINGS has upgraded the city of Providence financial outlook to "positive" and affirmed the "A-" rating for two of its general obligation bonds and its "BBB" issuer default rating for the city.

Fitch Ratings upgrades Providence’s financial outlook, affirms ratings

PROVIDENCE – The city of Providence is holding steady financially, according to Fitch Ratings. The agency has affirmed "A-" ratings for two of the city's...

Fitch upholds top rating for $150M in R.I. Infrastructure Bank bonds

PROVIDENCE – Fitch Ratings recently affirmed the highest possible ratings for $152.5 million of bonds from the Rhode Island Infrastructure Bank, according to a...

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,...
COURTESY HAYES & SHERRY CUSHMAN & WAKEFIELD

Most-read stories on PBN.com, May 2021

1. Newport Beach Club in Portsmouth sold for $9M, development site to include 108 new homes POSTED ONLINE: MAY 5. Newport Beach Club LLC...

Fitch assigns negative outlook to RIAC bonds, citing COVID-19 impact, regional...

PROVIDENCE – Fitch Ratings affirmed the R.I. Airport Corp.’s “BBB+” bond rating but assigned the quasi-public agency a negative outlook, the ratings firm announced...
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