Junk bonds

Generous federal support is offset by a small and volatile economy, the agency said.

Fitch said the train line's ridership and revenue ramp-up continue to lag projections.

The Public Service Commission said it will reconsider rates at its August meeting.

The U.S. territory is struggling with debt and pension liabilities as its economy remains weak and federal aid is cut back.

The U.S. Virgin Islands WAPA said the Public Service Commission's reduction of electric rates jeopardizes its ability to pay bills and provide electric service.

The $350 million revenue bond issue will refund bonds sold in 2015 and finance improvements to the airline's primary maintenance facility in Tulsa, Oklahoma.

S&P cited the government's improved fiscal position as a factor in the positive outlook.

Management is hiring a municipal advisor to evaluate its financial strategy.

The introduction of new engines in a northern power plant and the opening of a solar farm in the south have reduced the authority's operating costs.

The San Diego County-based hospital system's financial woes were dire enough to earn junk ratings from Fitch Ratings, Moody's Ratings and S&P Global Ratings earlier this year. Fitch further downgraded the already junk ratings on Wednesday.