Tag: S&P Global Ratings
Banks on higher alert for credit weakness
In his 50 years as a customer of The Washington Trust Co., John Bellone has never deferred a loan payment. Not through the 2008...
S&P downgrades Care New England’s bond rating, projects negative outlook
PROVIDENCE – S&P Global Ratings on June 30 downgraded Care New England’s bond rating, citing ongoing financial problems exacerbated by the COVID-19 pandemic, WPRI-TV...
Moody’s, S&P assign stable ratings to Providence debt, CIP bonds
PROVIDENCE – After upping its ratings in 2019, Moody’s Investors Service and S&P Global Ratings held steady in their latest ratings for Providence’s general...
FM Global receives A+ credit rating
JOHNSTON – FM Global, a global commercial and industrial property insurer, received an A+ financial strength rating and stable outlook from AM Best, according...
FM Global creates new executive role for ‘diversity and inclusion’
JOHNSTON – FM Global, one of the world’s largest commercial property insurers, has appointed Sonserae Toles as vice president, inclusion, a new role at...
S&P upgrades Providence general obligation rating
PROVIDENCE – S&P Global Ratings has upgraded the city’s general obligation debt rating to a BBB+ from a BBB, Mayor Jorge O. Elorza announced...
Connecticut closes budget deficit without income-tax hike
NEW YORK – Connecticut’s $43 billion two-year budget, which spares residents an income-tax increase, is getting mostly positive reviews from investors.
The budget, approved by...
R.I. behind on funding post-employment benefits, but better than rest of...
PROVIDENCE – Rhode Island’s “other post-employment benefit liabilities,” which typically consist of retiree health plans, are only 16.5 percent funded, still the highest in...
R.I. behind on funding post-employment benefits, but better than rest of...
PROVIDENCE – Rhode Island’s “other post-employment benefit liabilities,” which typically consist of retiree health plans, are only 16.5 percent funded, according to S&P Global...
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