Rhode Island

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.

Rhode Island lawmakers on Tuesday voted for a 10-cent toll on the Sakonnet River Bridge until April while a state agency considers an alternative funding plan.

Moody's removed Rhode Island's GO debt from review for downgrade after the state passed an $8.2 billion budget that included a $2.5 million 38 Studios bond payment.

Rhode Island's $8.2 billion budget, including a $2.5 million bond payment for 38 Studios debt, is headed for Gov. Lincoln Chafee's office after Senate approval.

Rhode Island's House approved an $8.2 billion state budget, including an initial $2.5 million bond payment related to failed video-game company 38 Studios.

After a session that ended past midnight, Rhode Island's House resumed debate over an $8.2 billion state budget that includes $2.5 million for 38 Studios debt.

Rhode Island's top House Republican Brian Newberry argued in a letter to colleagues that the state should not pay back the 38 Studios bonds, despite Moody's threat of a GO downgrade.

One day after Moody's threatened to downgrade Rhode Island, a House finance panel approved an $8.2 billion budget that includes $2.5 million for 38 Studios bonds.

A threat of a GO downgrade from Moody's shadowed Rhode Island's debate over the payment of moral obligation debt related to the failed 38 Studios.

Moody's late Monday lowered 38 Studios bonds to Baa1 from A2 and placed Rhode Island's Aa2 general obligation rating under review for downgrade.

Moody's Investors Service, which downgraded Woonsocket's general obligation unlimited tax rating to B3 from B2, said it could downgrade the city even further.