Report: Municipal Bond Vet Suspected in Embezzlement

S&P: California Has Chipped Away at 'Wall of Debt'

Judge Intervenes in California School Bond Spending Plan

LAX Comes to Market on Strength of Passenger Numbers

Kern County, With Oil Prices Down, Declares Fiscal Emergency

Medicare Self-Report Could Delay Hospital's Bankruptcy Exit

Decision Postponed on Sale of California Hospitals

Fitch: Developments in SFCCD's Accreditation Battle Positive

MMA Sees Upgrades Ahead for California

Stockton Bankruptcy Judge Denies Franklin's Stay Request

The Commonwealth of Puerto Rico has a long history of fiscal uncertainty and structural deficits. Responding to decades of general fund deficits in 2014, the rating services lowered the ratings on the Commonwealth’s general obligation credit to below investment grade, or junk status.

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