Mattiello says state should pay 38 Studios bonds

Published May 22, 2014 10:27pm ET



PROVIDENCE, R.I. (AP) — Rhode Island’s House speaker said Thursday the state should repay bonds that financed the failed 38 Studios deal, despite calls from some lawmakers — including in his own party — to default.

Speaker Nicholas Mattiello told reporters he had concluded, following meetings with two Wall Street rating agencies, that it’s in the best interests of the state to make the payments.

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