- Published: May 2012
- Region: United States
Rhode Island & Providence Plantations; Appropriations; General Obligation; Moral Obligation
- Published: April 2011
- Region: Rhode Island
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Standard & Poor's Ratings Services has revised its rating outlook to stable from negative on Rhode Island & Providence Plantations' general obligation (GO) bonds outstanding, the state's appropriation debt outstanding, and on the state's moral obligation-backed bonds. The outlook revision reflects the fundamental strengths of the state's government framework and financial management. At the same time, Standard & Poor's affirmed its 'AA' rating on the state's GO bonds, its 'AA-' rating on the state's appropriation debt, and its 'A' rating on Rhode Island's moral obligation-backed bonds. The ratings reflect our opinion of Rhode Island's following strengths: Good income levels, with median household effective buying income at 103% of the national level; and Good geographic location near the economies of eastern...
Companies mentioned in this report are: Rhode Island & Providence Plantations
Action: Outlook Revised
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Rhode Island & Providence Plantations