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S&P said the ProMedica's divestiture helps address operating losses but it's a longer road ahead to return to investment grade.
November 10 -
The goal is to reduce energy costs and exposure to energy price spikes.
September 29 -
Moody's says the cut is a credit negative for the U.S. Virgin Islands' matching fund bonds.
August 29 -
The pension system has sued WAPA demanding immediate payment of more than $2 million in employee contributions.
August 26 -
She expects $50 million more in revenues in fiscal 2023.
August 10 -
After next fiscal year, the governor expects both revenues and spending to increase.
June 2 -
While expenditures also grew, revenues came in 4.5% higher than projections and were higher than the authority's cost growth.
May 11 -
Analysts agree with Moody's that the island still faces financial risks.
May 5 -
The system is seeking about $7.7 million of past due contributions and loans.
April 26 -
Restructured muni debt has "typically outperformed the broader muni market, as issuers emerge from bankruptcy with higher debt-servicing capacity and the debt re-enters the municipal high-yield index," noted PIMCO.
March 14