Politics & Government
Report: Narragansett Economy 'Very Strong'
Standard & Poor's this month raised the town's bond rating.
Narragansett has a "very strong economy," leading Standard & Poor's to upgrade the town's bond rating to "AA" from "AA-".
"The rating reflects our view of the town's very strong economy and strong budgetary flexibility," said Standard & Poor's credit analyst Victor Medeiros, according to ResearchandMarkets.com.
Financial challenges facing the town include its increasing pension and post-employment benefit liabilities, according to Standard and Poor's.
"The stable outlook reflects our view of the town's consistent financial performance," Medeiros said.
Find out what's happening in Narragansett-South Kingstownwith free, real-time updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
We’ve removed the ability to reply as we work to make improvements. Learn more here
