Junk bonds

The anticipated surplus for fiscal years 2019 through 2013 has dropped to $11.6 billion from $15.1 billion, leaving less money for debt service and capital spending.

The restructuring is expected to save PREPA and Puerto Rico residents about $3 billion in debt service payments over the next 10 years.

Thieves stripped copper wiring and appliances, Newton County officials said.

If the ruling holds, analysts said special revenue bonds may have to be re-evaluated based on the general credit of the issuer.

Holders of Platte County Industrial Development Authority's 2007 Zona Rosa bonds were hit with their first payment default.

Creditors' call for a receiver for PREPA is an Imperfect solution from a suspect source to be decided by the wrong authority – and it just might work.

The school is expanding its housing offerings as part of a strategy to attract and retain students.

Governor says federal help is an unprecedented opportunity to improve the islands' infrastructure, economy and government revenues.

Guam, facing its own fiscal problems, isn't helped by the tumultuous Puerto Rico PROMESA process.

Lombard's failure to honor its appropriation pledge cost bondholders dearly in a hotel project bankruptcy.

The U.S. Virgin Islands' rebuilding efforts make its Gross Receipts Revenue Bonds more secure, Gov. Kenneth Mapp said.

Bond investors’ concerns about the territory's ability to make payments have grown since Hurricane Maria.

The junk-rated school district pared down spreads after bolstering its balance sheet.

The Illinois Metropolitan Pier and Exposition Authority's direct rating link to the state government was costly.

Voters' decision to dissolve the Dallas County Schools transportation agency is positive for holders of the agency's junk-rated bonds but negative for noteholders, according to Moody's Investors Service.

Chicago's Board of Education is pricing more than $900 million, citing positive rating actions and a better balance sheet.

The U.S. Virgin Islands said downgrades of its debt by two rating agencies this week were based on Puerto Rico’s recent history of defaults.

Sparks, Nevada’s Tourism Improvement District No. 1 on Tuesday got a ratings boost from Moody’s Investors Service, which said a default is no longer expected.

Chicago's departing budget chief says budget gains will help the city resolve its pension problems.

Chicago's school board advanced plans to sell $900 million of short-and-long term debt.