Rhode Island Infrastructure Bank Earns AAA Credit Ratings From Fitch and S&P

PRESS RELEASE
For Immediate Release: February 3, 2026

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank today announced that leading rating agencies Fitch and S&P have given AAA, stable outlook credit ratings to the Bank’s Clean Water State Revolving Fund and Drinking Water State Revolving Fund programs.

Both agencies point out several underlying factors which contribute to these top tier credit ratings including;

• Secure Market Position
• Robust over collateralization
• Strong Financial Policies and Procedures
• Extremely strong risk profile

“This is a tremendous vote of confidence despite uncertainties around federal funding,” said Executive Director William Fazioli. “These AAA ratings demonstrate that the Infrastructure Bank is highly creditworthy and a responsible steward in managing public funds to improve critical clean and drinking water infrastructure, while providing the most affordable financing terms for our city, town, and quasi-public clients. They also demonstrate that during a time of uncertainty, the Bank stands for stability and resilience as a source of low-cost financing for infrastructure projects across Rhode Island.”

The ratings were assigned in connection with an upcoming bond sale to fund projects at the Narragansett Bay Commission and Kent County Water Authority.

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About the Rhode Island Infrastructure Bank
Rhode Island Infrastructure Bank is Rhode Island’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners. We leverage capital in a revolving fund to offer innovative financing for an array of infrastructure-based projects including water and wastewater, road and bridge, energy efficiency and renewable energy, and brownfield remediation. These quality-of-life projects improve the State’s infrastructure, create jobs, promote economic development, and enhance the environment. www.riib.org – Facebook: @RIinfrastructure – Twitter: @RI_InfraBank