Junk bonds

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.

The Water and Power Authority got good financial news from the U.S. Federal Emergency Management Agency but bad financial news from a federal court in Puerto Rico.

Falling occupancy figures, staffing shortages, and rising labor costs have elevated the sector's risk, with Greenwich Investment Management's bankruptcy yet another example of how the sector requires thorough credit analysis.

The WAPA board of directors says it is looking for a replacement who would start on July 1, when Andrew Smith says he will depart.

The authority's CEO said it has no money for facilty maintenance.

The governor should have involved the legislature earlier in decision making on how to give the Water and Power Authority money to make a bond payment, lawmakers said.

The state of emergency will let the governor use the central government's rainy-day fund to provide money to WAPA that semi-autonomous agencies of his government owe the authority. WAPA will use the money to make payments to bondholders and other creditors starting Tuesday.

Congress has taken no significant action on bills that would stop the depletion of the United States Virgin Islands' government pension system for 21 months.

Citi's exit comes amid the larger trend of broker-dealers downsizing balance sheets, which can hurt secondary market liquidity, particularly in times of stress. Other market players are coming into the fold.

Governor says the money would be used to get through the slow winter revenue months.

The reserve should have enough to cover bond payments for a year, according to an observer.