Rhode Island

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.

Moody's Investors Service downgraded West Warwick, R.I.'s general obligation bond rating to Baa2 from Baa1, citing pension underfunding and a school-fund deficit.

Rhode Island can pursue some but not all of money it says it lost in the 38 Studios bond fiasco, Superior Court Judge Michael Silverstein ruled.

The Internal Revenue Service has closed its audit of Rhode Island's $197 million tobacco settlement bonds, ruling that the bonds remained tax-exempt.

A federal judge dismissed part of a suit by Providence, R.I., against actuary Buck Consultants alleging an accounting error that officials said cost the city $10.8 million.

As Detroit filed for bankruptcy, formerly bankrupt Central Falls, R.I. received an upgrade from Moody's Investors Service to B1 from B2.

Moody's upgraded the rating of former bankrupt city Central Falls, R.I., to B1 from B2, affecting $13.7 million in outstanding general obligation bonds.

The trustee for Rhode Island's Central Falls Detention Facility Corp. has again tapped into the reserve fund related to Wyatt Center bonds.

Gov. Lincoln Chafee signed legislation letting Rhode Island cities and towns own their streetlights and maintain them as a cost-controlling measure.

Fitch Ratings revised the general obligation outlook of Woonsocket, R.I., to stable from negative while affirming its B rating.

The Securities and Exchange Commission will pursue no enforcement action against Rhode Island over its pension financial disclosures, Treasurer Gina Raimondo said.