Updated April 19 at 11:25am

Central Falls, Woonsocket among riskiest municipal bonds

Central Falls and Woonsocket made a list of risky-investment cities that could file for bankruptcy, Barron’s reports. More

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Central Falls, Woonsocket among riskiest municipal bonds

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NEW YORK – Central Falls and Woonsocket made a list of risky-investment cities that could file for bankruptcy, Barron’s reports.

The list published Monday by S&P Dow Jones Indices gauges risk by bond yields, using the metric that higher-yield bonds are riskier. The two Rhode Island cities’ municipal bonds rank among the highest yields in the country, alongside cities in Illinois, Pennsylvania and Texas, as well as the Northern Mariana Islands.

Central Falls regained full control of its finances in April following a bankruptcy declaration in 2010, at which point a state-appointed receiver took over the city’s books.

bankruptcy, central falls, woonsocket, municipal bonds

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