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Bally’s stockholders approve merger with Standard General L.P.

PROVIDENCE – Bally’s Corp.’s stockholders on Wednesday agreed to accept a buyout offer from New York-based hedge fund Standard General L.P. in a deal...

S&P downgrades rating on Woonsocket’s water revenue bonds

WOONSOCKET – S&P Global Ratings lowered its long-term rating on Woonsocket's water revenue bonds to “BBB+” from “A-” and removed the rating from CreditWatch,...
BALLY'S CORP. on Thursday agreed to a buyout off by Standard General’s L.P. in a deal that values the Rhode Island-based casino operator at $4.6 billion. / JON DOUCETTE PHOTOGRAPHY/BALLY’S CORP.

Bally’s agrees to New York hedge fund’s buyout offer valued at...

PROVIDENCE – Rhode Island-based Bally’s Corp. on Thursday agreed to accept a buyout offer from hedge fund Standard General L.P. in a deal that...

Fitch, S&P give AAA credit rating to Rhode Island Infrastructure Bank

PROVIDENCE – Rhode Island Infrastructure Bank says it has received AAA ratings from Fitch Ratings and S&P Global Ratings on the bank's $41.7 million...

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...
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