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Fitch, Moody’s, S&P Global affirm strong R.I. general obligation bond ratings

PROVIDENCE – Fitch Ratings, Moody’s Investors Service and S&P Global Ratings have each affirmed positive ratings of Rhode Island’s general obligation bonds, General Treasurer...

Infrastructure Bank closes on $77M Green Bond for R.I. water projects

PROVIDENCE – The Rhode Island Infrastructure Bank has closed on a $77.3 million Green Bond to support clean water projects for the Narragansett Bay Commission...
S&P GLOBAL RATINGS reaffirmed its negative outlook on Care New England Health System and is keeping the B+ rating in place. Kent County Memorial Hospital is owned by CNE. / COURTESY KENT COUNTY MEMORIAL HOSPITAL

S&P reaffirms negative outlook on Care New England’s bond rating

PROVIDENCE – S&P Global Ratings has reaffirmed its negative outlook on Care New England Health System and kept the state’ second largest hospital group’s...
S&P GLOBAL RATINGS affirmed its B+ bond rating for Care New England and upgraded its outlook from negative to developing. The rating agency cited the health system's definitive agreement to merge with Lifespan Corp. as a major contributing factor.

S&P improves outlook on CNE bond rating, citing planned merger with...

PROVIDENCE – S&P Global Ratings revised its outlook on R.I. Health and Education Building Corp.’s bonds issued to Care New England Health System from...

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...
STILL GOING STRONG: John Bellone, owner of The Breezeway Resort, The Hotel Maria, pictured, and Maria’s Seaside Cafe in Westerly, says in his 50 years as a customer of The Washington Trust Co., he’s never deferred a loan payment and has continued to meet monthly payments for the mortgages on his commercial properties throughout the pandemic, thanks to a strong business in a limited season. / PBN PHOTO/MICHAEL SALERNO

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...
PROVIDENCE CITY Councilman Seth Yurdin has resigned from his post. / PBN FILE PHOTO/CHRIS BERGENHEIM

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...
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