Moody's Investors Service has downgraded Rhode Island Economic Development Corporation's Job Creation Guarantee Program (38 Studios LLC) to Baa1 from A2. At the same time, Moody's placed the Job Creation Guarantee rating under review for possible further downgrade. Moody's has also placed the state of Rhode Island's Aa2/negative general obligation and Aa3/negative related appropriation bond ratings under review for downgrade.

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