Woonsocket improves bond rating from speculative to investment grade

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
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 – The city received some good news Friday about its financial stability and its ability to raise revenue through bond sales when credit rating agency Moody’s Investors Service upgraded Woonsocket’s bond rating by three notches, putting it over the hump into investment-grade status. Moody’s upgraded Woonsocket’s rating from Ba3 to Baa3. With a population…

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