Industries

Despite legislation and political rhetoric, demand for environmental, social, and governance focused debt remains strong.

Increasing electric rates to pay the debt would lead to economic contraction, a University of Puerto Rico professor said.

The bondholders and bond insurers submitted four expert reports to support their belief they deserve more money than what's being offered in the PREPA bankruptcy.

The authority will borrow to pay off its debt at about 50 cents on the dollar.

The House Appropriations Committee heard from tribal leaders about housing and transportation needs.

The Secure and Fair Enforcement (SAFE) Banking Act of 2023, introduced in both the House and Senate would allow regulated banks to work with state-legal cannabis companies.

"We know this cliff is coming," said state Sen. Ram Villivalam, head of the state Senate transportation committee. "What structural reforms are we looking at implementing? What innovation can we pursue?"

A bill to prevent developers from buying bonds issued by their metropolitan districts died, but another measure limiting interest rates in such cases was enacted.

A letter of credit would be used, in part, to help fund a settlement between WAPA and its fuel supplier Vitol.

Secretary of Transportation Pete Buttigieg appeared before the House Appropriations Committee to warn of serious consequences of budget cuts.

The $3.3 billion Transportation Modernization act allows for P3s for roadway development, a first for the state.

It's unrealistic to ask transit agencies, even financially stables ones, to solve larger social problems like homelessness or inequity, says an expert.

Two ratings agencies expect AES Puerto Rico to default on Puerto Rico municipal conduit bonds.

Several Midwest hospital mergers that are in the works will contribute to the 2023 numbers while one announced in 2022 just closed.

The Southern California Public Power Authority plans to price $700 million in revenue bonds for improvements to a 488-mile power transmission system.

The federal funds may not go as far amid inflation, but they still cushion the construction industry struggling with economic challenges.

Moody's Investors Service ran a series of stress tests on $38 billion in state highway revenue bonds it rates to gauge the risk to fuel-tax backed bonds.

At issue is the completion of a WAPA financial settlement with its fuel supplier, Vitol, to which it owes about $278 million.

Moody's Investors Service downgraded Providence St. Joseph Health a notch to A2, following similar moves by S&P Global Ratings and Fitch Ratings.

The acquisition closed Friday and all nine employees, who provide municipal and healthcare advisory services and treasury consulting services, joined PFM.