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Moody’s: Providence’s economic recovery led by growth in ‘Eds and Meds’

PROVIDENCE – Over the past 50 years, Providence has endured demographic shocks, including years of population loss, declining housing values and elevated crime rates.Yet...
MOODY'S INVESTORS SERVICE has raised the city of Woonsocket's bond rating by three notches, reflecting the city's improved financial position. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Woonsocket improves bond rating from speculative to investment grade

WOONSOCKET – The city received some good news Friday about its financial stability and its ability to raise revenue through bond sales when credit...

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 outlook on...
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...
FITCH RATINGS assigned Rhode Island's new general obligation bonds an "AA" rating. / BLOOMBERG FILE PHOTO/SCOTT EELLS

Fitch Ratings assigns R.I.’s general obligation bonds ‘AA’ rating

PROVIDENCE – Fitch Ratings assigned Rhode Island’s $149 million general obligation bonds an “AA” rating Wednesday and said the state’s economic outlook is stable.Fitch...
DIGGING OUT: A truck clears sand off Atlantic Avenue in the Misquamicut community of Westerly following “Superstorm” Sandy in 2012. Today the town is still dredging 20,000 cubic yards of sand from Winnapaug Pond deposited there during the storm.  / PBN FILE PHOTO/BRIAN MCDONALD

The Ocean State has seen the damage storms can cause. So...

(Editor's note: This is the first of a three-part series exploring Rhode Island's vulnerability to coastal flooding and what businesses, property owners and local communities...
Rhode Island's budget impasse is being followed by independent ratings agencies./PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Ratings agencies following budget impasse

NEW YORK – Rhode Island’s budget impasse is on the radar of independent ratings services companies, with Fitch Ratings on Thursday describing it as...
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