Rhode Island

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.

Central Falls, R.I., a former bankrupt city whose bond rating is still junk, is raising money online for a park project with help from a crowd-funding platform.

Detroit's long-term revival depends on the ability to access the capital markets, which requires fair treatment of its bondholders in bankruptcy, said bankruptcy expert James Spiotto.

Standard & Poor's raised its unenhanced rating on the general obligation debt of East Providence, R.I., five notches from BB-plus to A, citing significant financial improvements.

Moody's Investors Service revised the general obligation rating of Providence, R.I., to stable from negative, citing the city's structural balance and a pension overhaul agreement.

The SEC will investigate the Rhode Island Economic Development Corp.’s $75-million loan guarantee to video-game company 38 Studios, the agency confirmed.

The U.S. Securities and Exchange Commission is investigating a $75 million financing by a Rhode Island agency for Curt Schilling's bankrupt video-game company.

Judge Sarah Taft-Carter set a follow-up status conference for Sept. 30 in the mediation talks regarding the lawsuit over Rhode Island's pension overhaul law.

Lincoln Chafee, who said he would not seek re-election as Rhode Island governor, urged state officials to keep working with the Ocean State's cities and towns.

Lincoln Chafee's stunning announcement that he would not run for re-election as Rhode Island governor throws the 2014 gubernatorial race into a tizzy.

State Rep. Joseph Shekarchi wants half of any Rhode Island budget surplus to go to cities and towns, which he says would help upgrade bond ratings.