S&P revises Providence, R.I. outlook to stable from negative
Sept 11 (Reuters) - Standard & Poor's Ratings Services on Wednesday revised its outlook on Providence, Rhode Islands's general obligation debt to stable from negative.
The outlook revision to stable is due to the stabilization of the city's financial position after years of fiscal imbalance, as well as a projected fiscal 2013 budgetary surplus, S&P said.
At the same time, S&P affirmed Providence's general obligation rating at triple-B.
- Hong Kong protesters stockpile supplies, fear fresh police advance |
- Kurds seize Iraq/Syria border post; Sunni tribe joins fight against Islamic State |
- Protesters stay out on Hong Kong streets, defying Beijing |
- Special Report: Islamic State uses grain to tighten grip in Iraq
- EBay follows Icahn's advice, plans PayPal spinoff in 2015 |