Gov. Lincoln Chafee’s executive order to form a task force on shared services among Central Falls, Pawtucket and East Providence is a credit positive for those stressed Rhode Island cities, according to a Moody’s Investors Service report.

“There is ample room to share services and reduce costs in these cities,” the rating agency said in a report. “The acute financial strain experienced by all three cities is likely to motivate them to embrace shared services plans proposed by the task force.”

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