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Fitch Rates Cranston, RI's GO Bonds 'A'; Outlook Revised to Positive

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns 'A' ratings for the following City of Cranston, RI's (the city) general obligation (GO) bonds: --$8.7 million GO bonds series 2015A; --$21.7 million GO refunding bonds series 2015B. The bonds are scheduled to price on June 23 via negotiation. Proceeds of the series A bonds will be used to fund city capital improvements. The series B bond proceeds will be used to advance refund the city's outstanding series 2006 bonds and provide for a current ref

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