Speculative grade bonds

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.

The exchange-traded fund — the first ever triple tax-exempt — will consist of 80% Puerto Rico bonds with the balance being U.S. Virgin Islands and Guam bonds.

The private Medaille University is closing its doors after failing to sell itself to a nearby college. It has more than $20 million of bond debt.

The authority will borrow to pay off its debt at about 50 cents on the dollar.

A letter of credit would be used, in part, to help fund a settlement between WAPA and its fuel supplier Vitol.

Two ratings agencies expect AES Puerto Rico to default on Puerto Rico municipal conduit bonds.

At issue is the completion of a WAPA financial settlement with its fuel supplier, Vitol, to which it owes about $278 million.

Detroit's return to investment grade is within reach if it stays on track after Moody's put a positive outlook on the Ba1 rating following an upgrade from Ba2.

The authority hopes to have solar and wind provide 30% of the islands' electricity within two years.

The rating action affects $423 million in bonds and certificates of participation. The territory's issuer rating was affirmed at speculative-grade Ba1.

The bill's sponsor pointed to board members' need for expertise.

The $250 million in debt being issued for Montana Renewables is equal to nearly half the state's issuance for last year.

Governance decisions and rapidly escalating deficits contributed to Moody's decision to cut Illinois Tech's rating two notches to speculative grade.

The authority's issues hamper the USVI economy, Gov. Bryan says in his state of the territory speech.

These would be the territory's first general obligation bond issuance since 2019.

The government has reached a settlement with the estate of Jeffrey Epstein.

The authority said it expects production problems and higher costs in the near future.

The financially distressed utility has less than two weeks to find a substitute supplier of 80% of its fuel.

The goal is to reduce energy costs and exposure to energy price spikes.

But governor and an analyst caution about appropriating "excess revenues" before an audit.