Moody’s upgrades Central Falls’ bond rating

News

CENTRAL FALLS, R.I. (WPRI) – The finances of the city of Central Falls continue to improve.

Moody’s has upgraded the city’s bond rating to BA2.

The rating is still below investment grade, but marks the second upgrade for the city this year.

Back in May of 2010, the city’s bond rating was at junk status.

Central Falls became the first city in the country to file for bankruptcy in 2011 and emerged with a 5 year financial plan in 2012.

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