Junk bonds

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.