Strengthing Oversight of Public Debt

The Rhode Island Public Finance Management Board (PFMB) is a nine-member volunteer body that is chaired by Treasurer Magaziner.

With a goal of promoting transparency in government and improving the financial health of municipal entities and quasi-public corporations in Rhode Island, the PFMB provides debt-related information which can be used to determine the feasibility of issuing bonds. The information provided by the PFMB may also be used by investors to more easily evaluate the credit characteristics of each bond offering, and its issuing entity.

At the request of Treasurer Magaziner, the General Assembly in 2016 enacted new legislation that created a new Office of Debt Management and strengthened the oversight of the issuance and management of public debt in Rhode Island. As part of its new authority, the PFMB will soon issue a first-of-its-kind debt affordability study. The study will measure the affordability of public debt across all public issuers (including state, quasi-public, and municipal issuers) and consider new strategic measures for fiscal health. 

State of Rhode Island Credit Ratings

General Obligations
 
Moody's
S&P
Fitch
Rating:
Aa2
AA
AA
Outlook:
Stable
Stable
Stable
Certificates of Participation
 
Moody's
S&P
Fitch
Rating:
Aa3
AA-
AA-
Outlook:
Stable
Stable
Stable
Upcoming PFMB Meetings RSS
Meeting Date
An agenda has not yet been filed for upcoming meetings.
Recent PFMB Meetings RSS
Meeting Date
August 04, 2016 at 09:00 AM
June 30, 2016 at 10:30 AM
June 23, 2016 at 09:00 AM
March 31, 2016 at 09:00 AM