Tag: S&P Global Ratings
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...
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...
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