Moody’s Investors Service removed Rhode Island’s general obligation and appropriation-dependent debt from review for downgrade after the state passed an $8.2 billion budget that included a $2.5 million bond payment for 38 Studios debt.

As lawmakers debated paying the moral obligation debt on bonds related to failed video-game company 38 Studios, Moody’s on June 17 warned of a GO downgrade, possibly several notches, from Aa2.

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