Moody's may raise rating of bankrupt Central Falls, R.I.

June 29 (Reuters) - Moody's Investors Service said on Friday that it may raise the credit rating on the bankrupt Rhode Island city of Central Falls, citing a likely near exit from bankruptcy.

Moody's placed the city's $14 million of outstanding general obligation bonds, rated Caa1, on review for a possible upgrade.

The agency also affirmed the Baa1 rating and assigned a stable outlook to the Rhode Island Health and Educational Building Corp.'s bonds, affecting $17 million in outstanding debt.