Central Falls, R.I., which is about to exit bankruptcy protection, received good news from Wall Street on Friday, when Moody’s Investors Service placed the 19,000-population city’s Caa1 general obligation rating on review for upgrade, affecting $14 million in outstanding GOs.

Moody’s also affirmed the Ba1 rating assigned to the Rhode Island Health and Educational Building Corp.’s Series 2007B bonds, affecting $17 million in debt, and assigned a stable outlook.

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