Rhode Island

Moody's Investors Service upgraded North Providence, R.I.'s general obligation bond rating to A3 from Baa1, affecting $25.4 million in debt.

The lawyer representing Rhode Island in its suit against 38 Studios told state lawmakers that legislation would enhance the prospects of a settlement.

Clay Pell, the grandson of the late U.S. Sen. Claiborne Pell, is the latest Rhode Island gubernatorial candidate in an open-seat race.

Rhode Island Gov. Lincoln Chafee proposed a $275 million bond referendum in November and a $12.5 million payment of 38 Studios moral obligation debt.

Providence, R.I., which two years ago faced what Mayor Angel Taveras called a "Category 5 Fiscal Hurricane," reported a $1.6 million surplus for fiscal 2013.

Sen. Dominick Ruggerio's bill would ban use of retirement system funds to pay Rhode Island's legal cost as it defends the unions' court fight of pension changes.

The two advisory committees to Rhode Island's joint municipal shared services study commission will meet Jan. 7 to discuss cities and towns collaborating over some municipal services.

Providence, R.I., fire and police unions have sued Rhode Island's capital city, saying the city didn't factor longevity payments in calculating overtime pay.

Gina Raimondo, Rhode Island's general treasurer the past three years and the architect of pension overhaul legislation in that state, will run for governor in 2014.

Standard & Poor's raised its unenhanced rating on North Providence, R.I.'s general obligation debt two levels to A from BBB-plus, citing new local GO criteria.

The specter of another top taxpayer leaving Woonsocket, R.I., could be a credit negative for the city, said Moody's Investors Service.

Fitch Ratings revised its outlook on Pawtucket, R.I., general obligation bonds to positive while affirming its BBB-minus rating, barely above junk level.

Rhode Island municipalities are shifting retirees onto new health-care exchanges, reducing benefits and raising employee co-pays to curb soaring costs, Moody's said in a report.

The Rhode Island Economic Development Corp., under fire for its role in the 38 Studios fiasco, chose Salesforce to manage its client relationship management system.

Moody's Investors Service upgraded East Providence to Baa3 from Ba1 and revised its outlook to positive, putting it at the lowest rung of investment grade.

Rhode Island's new municipal road and bridge revolving fund generated applications from 13 municipalities requesting $29 million, Treasurer Gina Raimondo announced.

Rhode Island General Treasurer Gina Raimondo came out swinging after a union-backed forensic report called on federal securities regulators to investigate her management of $7 billion in pension funds.

“A sinister pall of secrecy” surrounds Rhode Island’s pension system and has enabled hedge fund managers to keep the state in the dark about how its assets are being invested, according to a forensic report.

Rhode Island's Ethics Commission has ruled that Richard Licht, the director of the state's department of administration, is free to pursue a judgeship.

Curt Schilling, the former baseball pitcher whose failed 38 Studios video-game company triggered a Rhode Island debate over moral obligation debt, plans to sell off personal items from his home.