Speaker meets with rating agencies on 38 Studios

Published May 21, 2014 10:41pm ET



PROVIDENCE, R.I. (AP) — Rhode Island’s House speaker said he had a “very fruitful” meeting Wednesday with two Wall Street ratings agencies as lawmakers weigh the harm of possibly defaulting on bonds that financed the state-backed loan to 38 Studios.

Democratic Speaker Nicholas Mattiello declined to say what his own position is after the meetings in New York City with Moody’s and Standard & Poor’s. But he said he is leaning in one direction.

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