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Fitch Ratings
Fitch Rates Rhode Island Convention Center Auth's $72MM Revs 'A+'; Affirms GOs; Outlook to Negative
March 22nd, 2009
Fitch Ratings has assigned an 'A+' rating to the Rhode Island Convention Center Authority's (the authority) $72 million refunding revenue bonds, 2009 series A. The bonds, which are being issued to refund outstanding 2001 series A variable rate refunding revenue bonds and finance an associated swap termination payment, are expected by negotiation the week of March 9. Fitch also affirms the 'AA-' rating on the state's outstanding general obligation (GO) bonds and the 'A+' rating on the state appropriation-backed bonds listed at the end of this release, including those of the authority. The Rating Outlook is revised to Negative from Stable. The Negative Rating Outlook...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-22)
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