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26.09.2014 18:36:00
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East Providence (City of) RI -- Moody's upgrades East Providence's (RI) GO to Baa1; outlook positive
New York, September 26, 2014 -- Moody's Investors Service has upgraded the City of East Providence's (RI) general obligation rating to Baa1 from Baa3, affecting approximately $18.9 million in outstanding parity debt; the outlook is positive. The bonds are secured by a general obligation unlimited tax pledge. Concurrently, Moody's has also upgraded to A2 from Baa1 the rating on the Rhode Island Health and Education Building Corporation (RIHEBC) Bond Issue, Series 2007C; the outlook this rating is also positive.
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