• HopArts exhibit 10 a.m. - 5 p.m. Hope Valley
  • ACGOW September exhibit 11 a.m. - 7 p.m. Westerly
  • Cruise Night 5 p.m. - 8 p.m. Ashaway
  • Teen/Adult Movie Night 6:30 p.m. - 8 p.m. Carolina
  • "And Then There Were None" 8 p.m. - 10 p.m. Westerly
  • Stargazing at Frosty Drew Observatory 8 p.m. - 9 p.m. Charlestown
  • Hoxie Gallery 9 a.m. - 6 p.m. Westerly
  • RIBC Blood Drive 9:30 a.m. - 11:30 a.m. Ashaway

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    Moody’s issues warning on collapsed pension deal

    PROVIDENCE (AP) — A bond rating agency has issued a warning over the collapse of the proposed settlement of the court challenges to Rhode Island’s pension overhaul.

    Moody’s Investors Service calls the failed settlement a “credit negative” for the state and municipalities. The agency says it “prolongs uncertainty over the timing and cost of resolution of this bellwether pension reform” and risks about $400 million in savings annually.

    The settlement announced in February was an attempt to resolve the challenges filed by public-sector unions and retirees. But one of the six groups that had to ratify it, police union members, rejected it in mail balloting.

    The litigation is now continuing. A trial has been scheduled for September.

    Moody’s had earlier praised the settlement deal as a “credit positive.”



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