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Fitch Rates Rhode Island's $146MM GOs 'AA'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA' rating to the State of Rhode Island and Providence Plantations $145.725 million general obligation (GO) bonds, consolidated capital development loan of 2015, refunding series A. The bonds are expected to sell via negotiation on or about the week of July 20, 2015. The Rating Outlook is Stable. SECURITY The state's GO bonds are backed by a pledge of the state's full faith and credit. KEY RATING DRIVERS STRONG FISCAL MANAGEMENT: The state's

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