38 Studios

On Politics
9:00 pm
Thu May 15, 2014

Fiscal Advisers Say More Info Need to Decide 38 Studios' Repayment Question

URI's Leonard Lardaro speaks to House Oversight.
Credit Ian Donnis / RIPR

Outside fiscal advisers told the House Oversight Committee Thursday that lawmakers need more information to decide the merits of paying debt related to the failed video game company 38 Studios.

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On Politics
3:57 pm
Mon May 12, 2014

S&P Warns RI Of Slipping Credit If The State Balks On 38 Studios' Debt

Standard & Poor's Rating Services has put Rhode Island's credit on watch with negative implications due to ongoing debate about paying back bondholders who invested in the failed video game company 38 Studios.

In an advisory released Monday, S&P said it was lowering the rating on bonds issued by the Economic Development Corporation for 38 Studios in 2010 from A to BBB.

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On Politics
4:40 pm
Fri May 9, 2014

TGIF: 12 Things to Know About Rhode Island Politics & Media

Welcome back to my Friday column. Your tips and thoughts are always welcome at idonnis (at) ripr (dot) org, and you can follow me through the week via the twitters. Let's head in.

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On Politics
2:27 pm
Fri May 9, 2014

RI Assembly Caught in Curt Schilling Rundown Pickle

So here’s another report that shows just how badly the General Assembly has fumbled the 38 Studios ball. Gov. Lincoln Chafee has released a financial consultant’s report that shows that it would cost less for the state to pay off the 38 Studios  bonds than to default.

The finding, by the firm SJ Advisors, states that Rhode Island’s credit rating would take a significant hit if the state walked away from the $75 million in  bond obligations to those who invested retired Red Sox pitcher Curt Schilling’s folly, 38 Studios.

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On Politics
12:49 pm
Fri May 9, 2014

State-Commissioned Report Finds RI Better Off Paying Back 38 Studios' Investors

Credit Ian Donnis/File Photo / RIPR

A report commissioned by the Chafee administration has found that even under the best-case scenario, Rhode Island will be better off paying back bondholders who invested in the failed video-game company 38 Studios.

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