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Two ratings agencies expect AES Puerto Rico to default on Puerto Rico municipal conduit bonds.
April 17 -
At issue is the completion of a WAPA financial settlement with its fuel supplier, Vitol, to which it owes about $278 million.
April 6 -
The authority hopes to have solar and wind provide 30% of the islands' electricity within two years.
March 31 -
The rating action affects $423 million in bonds and certificates of participation. The territory's issuer rating was affirmed at speculative-grade Ba1.
March 24 -
The bill's sponsor pointed to board members' need for expertise.
March 20 -
The authority's issues hamper the USVI economy, Gov. Bryan says in his state of the territory speech.
January 24 -
These would be the territory's first general obligation bond issuance since 2019.
January 12 -
The government has reached a settlement with the estate of Jeffrey Epstein.
December 1 -
The authority said it expects production problems and higher costs in the near future.
November 30 -
The financially distressed utility has less than two weeks to find a substitute supplier of 80% of its fuel.
November 21