Rhode Island

Rhode Island House Speaker Nicholas Mattiello and Majority Leader John DeSimone plan to meet with Moody's and S&P in New York to discuss the possible fallout of missing 38 Studios-related bond payments.

The lawyer for former Rhode Island House Speaker Gordon Fox said a grand jury investigation may include the financing of failed video-game company 38 Studios.

Debate among Rhode Island politicians percolates over payment of 38 Studios debt, and a consulting firm hired to explore the fallout of nonpayment in the bond market warned of negative snowballing should the state not pay.

Rhode Island's recent $78.7 million general obligation bond refinancing will save the state $6.7 million over the life of the issue, which matures in 2025, according to General Treasurer Gina Raimondo.

Standard & Poor's put Rhode Island's GO bonds on credit watch negative and threatened a possible multiple-notch downgrade should the state default on 38 Studios debt.

Bond rating agencies could lower Rhode Island to junk if it misses 38 Studios moral obligation payments, said a report commissioned by a state agency.

Rhode Island Secretary of State Ralph Mollis has begun to probe possible violations of lobbying rules involving Curt Schilling's 38 Studios video-game company.

Actor Alec Baldwin will visit Rhode Island on June 7 to help raise money for the Adams Memorial Library in formerly bankrupt Central Falls.

Rhode Island's failed attempt to settle a lawsuit challenging its pension overhaul law casts uncertainty over the state's finances, say Moody's and Janney.

Rhode Island Superior Court Judge Sarah Taft-Carter rejected a motion by state officials to dismiss a lawsuit that challenged the 2011 pension overhaul law.

While there is wide agreement Northeast infrastructure is rotting, there is nowhere near the same consensus about what to do and how to pay for it.

A Rhode Island think tank, targeting items from community service legislative grants to the state arts council, called for $225 million of cuts from the state budget.

Central Falls, R.I., reporting a $1.6 million surplus less than two years after exiting bankruptcy is a credit positive, according to Moody's.

After ascending to Rhode Island's House speakership following an FBI raid on his predecessor, Nicholas Mattiello said working on a budget to help the state's economy would be his major priority.

The Rhode Island House of Representatives elected Nicholas Mattiello speaker, three days after Gordon Fox resigned following a police raid on his home and office.

Rhode Island has hired Minnesota firm SJ Advisors to examine the impact of possibly defaulting on 38 Studios moral obligation bonds.

As Rhode Island lawmakers continue to debate Sakonnet River Bridge tolling, a state agency chief has threatened to return the bridge to the state if an impasse lingers.

Rhode Island General Treasurer Gina Raimondo has proposed a municipal infrastructure bank to help cities and towns obtain funding for infrastructure upgrades.

The attorney representing a Rhode Island agency in the lawsuit against failed video-game company 38 Studios denied a state senator's request for exhibits.

Market observers say no Detroit scenarios are on the Northeast municipal finance horizon and some situations have improved, notably in Pennsylvania and Rhode Island