Standard & Poor’s raised its underlying rating on North Providence, R.I.’s general obligation debt two levels to A from BBB-plus, citing its new local GO criteria.

S&P on Wednesday also assigned its A long-term rating to Rhode Island Health and Educational Building Corp.’s Series 2013 public school revenue bonds, issued for North Providence. Pursuant to the financing agreement, North Providence has pledged its full faith and GO pledge to the repayment of the bonds.

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