School Bonding Program and Bond Debt Service Discussion
Rhode Island's School Bond Program (Continued)
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Program allows considerable flexibility as to amount borrowed and term of loan
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Recent transactions shown below:
Credit Ratings
Date Local Issuer
Amount Maturity
Term
Moody's
S&P
9/13/2023 City of Warwick
20,000,000
8/22/2023 Exeter West Greenwich
7/26/2023 Town Cumberland
9/29/2022 Town of Johnston
6/28/2022 Town of Portsmouth
6/15/2022 Town of Burrillville
3/25/2022 City of Newport
3/09/2022 City of Warwick
1/07/2022 City of Pawtucket
9/30/2021 Town of Smithfield
5/15/2043 20 Years
5,540,000 5/15/2044 21 Years
74,125,000 5/15/2053 30 Years
85,000,000 5/15/2052
19,510,000 5/15/2045
5,950,000 5/15/2038
98,500,000 5/15/2047
23,830,000 5/15/2041
30,235,000 5/15/2042
35,985,000 5/15/2042 21 Years
AA
Aa3
AA+
30 Years
23 Years
16 Years
25 Years
19 Years
AA
AAA
AA
AA+
AA
20 Years
Aa3
AA
Averages: 39,867,500
23 Years
6
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