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Bally’s mulls takeover bid as credit agencies downgrade ratings

PROVIDENCE – As the three major credit rating agencies have now downgraded Bally’s Corp.’s financial outlook into junk bond territory in recent weeks, the...
PROVIDENCE'S DEBT ratings were affirmed by Moody's Investors Service at Baa1 and Baa2 for general obligation debt and lease revenue debt, respectively. However, Moody's upgraded the city's debt outlook from negative to stable. / PBN FILE PHOTO/MICHAEL SALERNO

Moody’s upgrades Providence outlook to stable, affirms Baa1 and Baa2 debt...

PROVIDENCE – Moody’s Investors Service Inc. has affirmed Providence’s Baa1 general obligation debt rating and Baa2 lease revenue debt rating, but has revised the...
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