Speculative grade bonds

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.

The state government would reshuffle Community Development Block Grant Disaster Recovery funds to the city.

Chicago Public Schools long climb back to investment grade continues

The upgrade reflects the city's improved operating environment and structural financial improvement, the rating agency said.

The City Council rejected Mayor Mike Duggan's request for $250 million of bond authority to accelerate the demolition of vacant houses.

James Johnson, who steered New Jersey's oversight of Atlantic City, is now corporation counsel for New York City.

The agencies aren't concerned about the ongoing strike, but the final contract will determine if Chicago Public Schools continues its slow rating progress.

Moody's says the adoption of an on-time budget along with audited financials are positive developments.

Market demand for the high yields offered by riskier paper is pulling such credits into the market, Municipal Market Analytics says.

Ongoing state intervention will mute any policy impacts stemming from the resignation of a mayor who pleaded guilty to embezzling from a youth sports group.

A proposal for a rate increase to back a bond got a hostile reception.

Moody's action followed Fitch putting the authority on ratings watch negative on Friday.

The islands' representative to Congress called for the local government to declare an emergency, possibly affecting $633 million of WAPA debt.

If the bonds are approved in March, the junk-rated city plans to issue $250 million of new money, unlimited tax general obligation bonds in 2020.

CPS sees spread penalties dwindle as market looks for yield and recognizes district's fiscal progress.

The distric is the legacy entity left to service school bonds after a new district was created to educate Detroit's children.

If approved, the junk-rated city would issue $200 million of new money unlimited tax general obligation bonds in the summer of 2020.