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S&P lifts threat of Rhode Island downgrade on debt agreement
June 18, 2014 / 10:11 PM / 3 years ago

S&P lifts threat of Rhode Island downgrade on debt agreement

June 18 (Reuters) - Standard & Poor’s Ratings Services removed its threat of a Rhode Island downgrade on Wednesday, citing lawmakers’ passage of a fiscal 2015 budget that includes $12.3 million to pay for bonds issued on behalf of ex-Boston Red Sox pitcher Curt Schilling’s now-defunct video game company.

S&P affirmed its ‘AA’ rating on the state’s general obligation bonds and removed its creditwatch negative. The bonds have a stable outlook. (Reporting by Hilary Russ; Editing by Chris Reese)

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