Junk bonds

Moody's cited very narrow liquidity, very high leverage and concerns about delays in opening up a new campus.

The utility responded that it is not eligible to declare bankruptcy.

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.

Bondholders are prepared to loan up to $22 million to the hospital.

Houston is set to price Tuesday $1 billion of United Airlines Terminal Improvement Projects AMT revenue bonds while the Public Finance Authority will bring $125 million of non-rated Million Air Three General Aviation Facilities Project revenue bonds.

The borrowers had failed to make principal payment on November 1 due date, but have since remitted the funds.

Observers say the decision may be a credit positive for the financially struggling utility

Eisner Advisory Group Partner Allen Wilen is the chief restructuring officer for Jackson Hospital & Clinic.

The governor says borrowing $50 million is "imperative" but the senate majority leader says "continuing to borrow is not the answer."

New facilities should reduce and ultimately eliminate the authority's current $5 million a month operating loss.

Karl Knight worked as chief of staff for U.S. Virgin Islands Gov. Albert Bryan Jr.