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Report: Non-Payment of 38 Studios moral obligation would likely reduce R.I. bond rating to ‘Junk’ status

Report: Non-Payment of 38 Studios moral obligation would likely reduce R.I. bond rating to ‘Junk’ status

PROVIDENCE — The Rhode Island Department of Administration announced today the release of a report by SJ Advisors that analyzed the potential financial and reputational impacts on the state of either payment or nonpayment of the moral obligation bond debt service associated with the 38 Studios bankruptcy. Based on its analysis, the independent financial consulting

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