Speculative grade bonds

Te legislation, headed for Gov. Tom Wolf's desk, is a response to a court ruling that Scranton exceeded limits under state law from 2015 to 2017.

Junk-rated city's shaky financial conditions before the COVID-19 pandemic is worsened by casino industry woes.

Rolette County affirmed its commitment to make a July jail lease payment as Moody's reviews the impact of the temporary jail closure on the county's books.

The Queens Ballpark Co. LLC bonds for Citi Field were lowered to BB-plus from BBB by S&P, which cited uncertainties about the baseball season.

S&P Global Ratings analysts say bookings that are two to three years out are already being canceled.

The downgrade brings Fitch into alignment with Moody's and S&P, and the negative outlook leaves Illinois without any rating room above speculative grade.

Skilled nursing facilities and long-term care are deluged by the pandemic, adding financial stress for a sector that issues unrated and speculative grade debt.

The Fitch rating on the bonds, issued as part of the Midwestern Disaster Area authorization, remains deep in junk.

The Atlantic City casino industry kicked off 2020 with another year-over-year gambling revenue gain.

A proposed asset sale would resolve — with a loss for bond investors — one of five Better Housing Foundation-owned portfolios in default in the Chicago area.

The Palmyra-Eagle Area School District is now saddled with a junk rating amid fiscal and leadership turmoil.

Virgin Islands Gov. Albert Bryan Jr. said the government is exploring various revenue streams to support the islands' pension system.

Atlantic City’s recent fiscal progress under state control provided a lift for two municipal issuers tied to the Jersey Shore gambling hub.

The Better Housing Foundation's Chicagoland suburban bond portfolios are now experiencing bond covenant and payment defaults.

The New Jersey city received a Moody's Investors Service upgrade to Ba3 from B2 as it enters year four of a five-year state takeover period.

The governor said that the government must now move toward a long-term solution to WAPA's problems.

U.S. Virgin Islands Gov. Albert Bryan forged an agreement with lawmakers to work collaboratively in identifying funding for outstanding debt tied to the island’s Water and Power Authority.

Moody’s Investors Service lowered the rating of the private collage in upstate New York to Ba3 from Ba1.

CFO Dave Massaron said the city is mindful of a potential downturn as it navigates its fiscal recovery from bankruptcy.

Moody's downgraded the 417-bed Claremont Properties project to Caa2.