Rhode Island received good news Monday about their finances

Rhode Island – Governor Lincoln Chafee is pleased with Moody’s Investors Service report on improved credit status classification.

The credit rating agency on Wall Street praised local leaders for taking steps to improve the fiscal health of the state government.  The agency upgraded the future financial condition of the government of Rhode Island negatively, where it had been since May 2011 to stable. Also the state maintained the classification of general obligation bonds to Aa2, the third highest level of the scale.  The announcement comes just as the state prepares to issue a series of bonds this month