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Fitch Upgrades Woonsocket, RI's GO Bonds to 'BB-'; Outlook Positive

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has upgraded the rating on the following city of Woonsocket RI's (the city) outstanding general obligation (GO) bonds: --$102 million GO bonds to 'BB-' from 'B'. The Rating Outlook is revised to Positive from Stable. SECURITY The bonds are general obligations of the city and are backed by its full faith and credit and unlimited taxing power. KEY RATING DRIVERS UPGRADE REFLECTS FINANCIAL STABILIZATION: The city's significant progress in stabilizing its ve

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