Local News
Eyewitness Sports
Medical Coverage
Call 12 For Action
More Details
What's On WPRI
What's On Fox
This Morning Weekend
2 Minute Test Drive
Experts Online
Online Store
Station Info

MARKETPLACE:  Auto | Jobs | People Search | Personals | Travel | Yellow Pages  March 9, 2005
Education | House & Home | Money | Pets | Recipes | Weddings | What's Next | More Topics...
Another rating service upgrades Cranston's bond rating
Email to a Friend Printer Friendly Version  

CRANSTON, R.I. Another rating agency has upgraded the city of Cranston's bond rating.

Standard and Poor's raised the city's bond status to BBB-Negative, along with a change in outlook from stable to positive. The agency says it upgraded Cranston's bond status because the city has a balanced budget, an experienced financial management team and growing reserves.

The upgrade follows similar action by the rating agency Moody's in late January. That service raised the city's outstanding general obligation bond rating to B-a-a-three with a positive outlook.

Mayor Stephen Laffey says the upgrade means his city has achieved its goal of reaching investment grade by all major rating services.

Copyright 2005 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Local News
Chafee sides with Democrats against Bush environmental priority
Eyewitness News RSS Feeds
Try the very latest way to read Eyewitness News headlines. Never miss an important story!
Seekonk Missing Truck
Man accused of murder set to be deported without standing trial
New 511 traffic line goes live
Health officials warn of increase in stomach flu
Hope High School in Providence has a new leader.
House speaker personally authorized $300,000 payment to TV firm
Education Commissioner to announce special master for Hope High
Worker safe after 25-foot fall into well
National News  more» 
Pentagon misses deadline on soldier reimbursement guidelines
Clinton not worried about impending surgery
Florida authorities investigating officer's use of Taser in hospital
Gay couple sues conservative group over use of their photo in Internet ad
Investigation of interrogation policies finds little fault with senior leaders
Rice hoping Congress will move on immigration overhaul
Sorlie leads Iditarod field as he approaches half-way point
Study suggests --Newborn euthanasia often goes unreported
Co-inventor of the laster wins Templeton religion prize
Country singer Chris LeDoux dies of complications from liver cancer

Love is in the air�
If you're single, now's the time to find your soulmate.
2005 Tax Guide
Getting ready to pay your taxes for 2004? Get the help you need in our tax guide.
Focus on: Dental Care
Get the facts on smile maintenance and more.  Request a free information kit.
Send questions and comments about this website to the .
All content © Copyright 2003-2005 WorldNow, WPRI, WNAC and Associated Press. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.