Rhode Island

Providence, R.I., Mayor Jorge Elorza said his city's three-notch upgrade from Fitch Ratings, to A-minus from BBB-minus, reflects a move in the right direction.

Rhode Island's investment panel voted to terminate its investment in seven hedge funds, following Treasurer Seth Magaziner's initiative to minimize risk.

Rhode Island's pension system returned more than $45 million for September, state General Treasurer Seth Magaziner said.

Rhode Island is working on a debt affordability study that will include bonded debt as well as pension and OPEB liabilities, said Treasuer Seth Magaziner.

A judge has agreed to put Peter Cannava back into a Securities and Exchange Commission lawsuit that alleges the Wells Fargo banker aided and abetted the defrauding of investors in connection with a private placement by 38 Studios.

Rhode Island Commerce Corp. plans a negotiated sale of $250 million in Series 2016B state Department of Transportation grant anticipation bonds.

Peter Cannava is fighting the Securities and Exchange Commission’s attempt to put him back into its lawsuit over 38 Studios’ private placement by trying to amend the complaint to include more details about his alleged aiding and abetting the defrauding of investors.

Rhode Island Treasurer Seth Magaziner's new investment strategy will trim the state's exposure to hedge funds by more than half.

The settlement by former baseball pitcher Curt Schilling and other 38 Studios executives with Rhode Island could push lone defendant First Southwest to the table.

Pawtucket, R.I., received a two-notch upgrade to A3 from Moody’s, which cited the 71,000-population city’s “improved and stabilized financial position.”

The $7.65 billion Employees' Retirement System of Rhode Island achieved positive gains for a fifth straight month in July with a 2.47% return and $150 million fund balance growth, State Treasurer Seth Magaziner announced Thursday.

Rhode Island ended fiscal 2016 with a $167 million surplus, or $44 million more than expected, said Gov. Gina Raimondo.

The Securities and Exchange Commission is asking a federal judge to allow it to submit an amended complaint that includes much more detailed charges against banker Peter Cannava in connection with an ill-fated private placement for startup video game company 38 Studios.

Fifty years ago, Rhode Island Health and Educational Building Corp. issued a $1.6 million bond for a now-defunct biblical school. Since then it has handled roughly $7.4 billion in debt.

Wells Fargo Securities and Barclays Capital have agreed to pay the Rhode Island Commerce Corp. $25.6 million in a proposed settlement of a lawsuit involving a loan to former videogame company 38 Studios, the state announced Tuesday.

The Rhode Island Infrastructure Bank is providing $17.2 million in financing to six communities, Gov. Gina Raimondo and General Treasurer Seth Magaziner announced.

A federal judge on Friday dismissed Securities and Exchange Commission charges against Peter Cannava, a banker involved in an ill-fated private placement for startup video game company 38 Studios.

Rhode Island state Rep. Robert Craven Sr., a former state assistant attorney general, is calling for the release of grand jury documents and testimony on the state’s 38 Studios investigation.

Rhode Island won’t file criminal charges related to 38 Studios, frustrating those who want to know more about the deal behind Curt Schilling’s video-game company.

The Rhode Island Health and Educational Building Corp. reported saving $13.4 million in its $86.4 million bond refunding for public schools.