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The money is to help AES-Puerto Rico continue to provide PREPA with electricity.
July 7 -
The electrical generator provides about 21% of the Puerto Rico Electric Power Authority's electricity and the default's impact on PREPA and PREPA's bankruptcy remain to be seen.
June 2 -
The Visitor Bureau says the number of tourists this fiscal year is likely to be 40% less than what had been predicted. Tourism is a large portion of Guam's economy.
May 31 -
The authority will borrow to pay off its debt at about 50 cents on the dollar.
April 28 -
Except for the riskiest sectors, high-yield credit fundamentals appear to be strong, but rising interest rates and fund outflows are dampening primary and secondary market activity.
April 24 -
A letter of credit would be used, in part, to help fund a settlement between WAPA and its fuel supplier Vitol.
April 20 -
Two ratings agencies expect AES Puerto Rico to default on Puerto Rico municipal conduit bonds.
April 17 -
At issue is the completion of a WAPA financial settlement with its fuel supplier, Vitol, to which it owes about $278 million.
April 6 -
The authority hopes to have solar and wind provide 30% of the islands' electricity within two years.
March 31 -
The rating action affects $423 million in bonds and certificates of participation. The territory's issuer rating was affirmed at speculative-grade Ba1.
March 24