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.

As the capital city's bonds plunged deeper into junk, Connecticut struggled to pass a state budget.

The administrators of the school districts say the short-term loans are needed as they put together long-term fixes.

The Cleveland-Cuyahoga County Port Authority missed a September bond payment.

Hurricane Irma’s financial impact on the U.S. Virgin Islands' government may be greater than that in Puerto Rico.

Moody's Investors Service says firmed-up state and city funding has stabilized the district's finances, for now.

U.S. Virgin Islands governor Kenneth Mapp is cutting spending with an eye on moving toward a structurally balanced budget.

The bus operator for 12 Dallas County school districts defaulted on its June 1 debt payment and faces a voter referendum on its continued existence.