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BRIEF-S&P - Providence, RI outlook revised to stable from positive on weakened reserves; 'BBB' GO Debt rating affirmed
May 26, 2016 / 9:52 PM / a year ago

BRIEF-S&P - Providence, RI outlook revised to stable from positive on weakened reserves; 'BBB' GO Debt rating affirmed

May 26 (Reuters) - S&P On Providence, RI :

* S&P - Providence, RI outlook revised to stable from positive on weakened reserves; ‘BBB’ GO Debt rating affirmed

* Anticipate the city’s budgetary performance will remain at least adequate heading into the fiscal 2017 budget year

* 'BBB' rating reflects our opinion of the city's "very weak" budgetary flexibility Source text - bit.ly/1OQamJT (Bengaluru Newsroom: +1 646 223 8780)

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