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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...

Elorza unveils pension reform plan through $700M bond

PROVIDENCE – The city of Providence is asking the state to let it borrow up to $704 million to aid its beleaguered pension fund,...

Fitch: Providence Place mall defaults on mortgage loan

PROVIDENCE – The company that owns the Providence Place mall has defaulted on its mortgage and is at risk for downgrades in its bond...

National ratings agencies affirm R.I. credit rating ahead of bond sale

PROVIDENCE – Rhode Island is well-positioned for the upcoming sale of its general obligation bonds after receiving stable ratings from all three major credit...

Fitch affirms Pawtucket bond, credit risk ratings

PAWTUCKET – Fitch Ratings recently affirmed its existing ratings for the city’s general obligation bonds and credit risk. The March 5 analysis cited state statutes...
HOME PRICES in Rhode Island were estimated to be 10-14% overvalued in the third quarter of 2020. /AP FILE PHOTO/DAVID ZALUBOWSKI

Fitch Ratings: R.I. home prices up to 14% overvalued in Q3

PROVIDENCE – Homes in Rhode Island were 10% to 14% overvalued in the third quarter of 2020, according to a new report from Fitch...

Fitch affirms bond rating, economic outlook for RITBA

PROVIDENCE – Fitch Ratings has affirmed its “A” rating and stable outlook for the $48 million of R.I. Turnpike and Bridge Authority bonds, according...

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