Speculative grade bonds

Friday price talk for the unrated tax-exempt paper was between 11% and 15%.

The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.

The deal comes amid market inflows and a dearth of high-yield supply, but demand will depend, as always, on the price, investors said.

Congress has taken no significant action on bills that would stop the depletion of the United States Virgin Islands' government pension system for 21 months.

Fitch Ratings analysts, who downgraded the bonds to junk in January, said they continue to monitor progress on the airport's automated guided rail system.

"There's a reason Guam is investment grade," said Muni Credit News Publisher Joseph Krist.

The ratings agency cited federal support and military spending on the island as keys to its decision.

The Chicago Board of Education on Wednesday saw its issuer rating and debt ratings from Moody's Investors Service elevated a notch to Ba1 from Ba2.

Governor says the money would be used to get through the slow winter revenue months.

The reserve should have enough to cover bond payments for a year, according to an observer.

Prices have fallen for Alabama private activity bonds issued for wood pellet producer Enviva amid the firm's larger struggles.

The Board of Education enters the market with two speculative grade ratings and one investment grade after affirmations from the agencies across the board.

Loss of aid could hurt the islands' economy, a local senator says.

CEO Andrew Smith says authority is taking steps toward settling its outstanding debt.

Bonds tied to Destiny USA in Syracuse were cut deeper into junk by Moody's Investors Service on doubts about its ability to extend an outstanding loan.

The private equity firms accused the bank of concealing key changes to a credit agreement, in part because it wanted to win future muni bond business from Brightline Holdings.

The governor said the budget would needlessly wipe out a rainy-day fund.

The money is to help AES-Puerto Rico continue to provide PREPA with electricity.

Government says it is unsure how it will be able to make debt and pension payments.

The electrical generator provides about 21% of the Puerto Rico Electric Power Authority's electricity and the default's impact on PREPA and PREPA's bankruptcy remain to be seen.