Speculative grade bonds

Hartford's council authorized an agreement for the state to pay the city's debt over two decades while accepting state oversight.

Chicago Public Schools officials say the deal won't include any scoop-and-toss restructuring for budget relief.

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.

The Virgin Islands pension system is seeking a court order for the government to pay at least $213 million allegedly owed to the system.

Moody's assigned a negative outlook to Guam's issuer rating and Guam Waterworks Authority bonds.

Wayne County plans to cover costs tied to new jail project with unused bond proceeds, new bond funding and general revenue funds.

Steep enrollment declines sunk Sage College in Albany, N.Y. to Moody's Caa1 rating.

Moody's says the decision is another sign of fiscal stress.

The island's future will depend on external aid, the amount of emigration, and internal reforms, economist Jason Bram found.

The Virgin Islands would create a matching funds rum tax bond to be sold to the U.S. Treasury.

The Metropolitan Pier and Exposition Authority will price $475 million, burdened by its link to the state's bond rating.

The Tulare Local Health Care District defaulted on its revenue bonds and closed its hospital.

The U.S. Virgin Islands expects to get parts of an $800 million federal loan by mid-November.

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.”