Speculative grade bonds

Chicago Public Schools says its books are balanced while also saying it needs more than $1 billion of short-term borrowing.

The U.S. Virgin Islands government is seeking federal money to cover hurricane-related expenses and revenue shortfalls.

Moody’s downgraded $31 billion in Puerto Rico public sector bonds citing the reduced outlook for repayment.

S&P cited the territorial government’s choice to not provide adequate information.

The Trump administration requested $12.77 billion in initial funding to help Texas, Florida, Puerto Rico and the U.S. Virgin Islands.

The U.S. Virgin Islands responded to Fitch Ratings’ withdrawal of the islands’ ratings by saying that the government will directly provide financial information to investors.

Hartford, Conn.’s debt rating was dropped to CC by S&P Global Ratings Tuesday, which called a default, distressed exchange, or redemption a “virtual certainty.”

The board approved the reallocation of $1 billion for emergency funding to recover from Hurricane Maria.

The devastating storm may delay Puerto Rico's path to economic growth.

The underwriter is banking on strong demand for high-yield bonds.