Fitch Rates Rhode Island Convention Center Authority's 2009 Series B Revs 'A+'; Outlook Negative

Fitch Ratings has assigned an 'A+' rating to the Rhode Island Convention Center Authority's (the authority) $500,000 refunding revenue bonds, 2009 series B (federally taxable). This is the federally taxable series of an offering that also includes $72 million refunding revenue bonds, 2009 series A. Fitch rated the series A bonds on March 4, 2009. The bonds, which are being issued to refund outstanding 2001 series A variable-rate refunding revenue bonds and finance an associated swap termination payment, are expected by negotiation the week of March 9. The Rating Outlook is Negative.

For more information see the Fitch rating action commentary 'Fitch Rates Rhode Island Convention Center Authority's $72MM Revenue Bonds 'A+'; Affirms GOs at 'AA-'; Outlook to Negative' dated March 4, 2009, available on Fitch's web site at www.fitchratings.com.

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