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The district hopes to win back investment grade ratings by raising fund balances, a task that becomes harder after federal coronavirus relief is exhausted.
July 29 -
His bill follows unsuccessful efforts by the territory's Senate to increase oversight of its Water and Power Authority.
July 28 -
Preliminary yields in the offering memorandum show spreads of 112 to 169 basis points over triple-A benchmarks, substantially lower than spreads seen in a successful speculative grade PRASA refunding in December.
July 23 -
Limetree Bay Energy, the U.S. Virgin Islands' largest private-sector employer, was an important source of government revenue.
June 21 -
Gov. Bryan vetos bill that would have brought in a turnaround company to determine WAPA's status.
May 24 -
Guam’s tourism has been hit very hard by COVID-related travel limitations, but the government should be able to get through this period with approved federal aid and the continuation of federal military construction.
May 7 -
A majority of the USVI Senate are sponsoring a bill to give the Public Services Commission near total control over the islands' financially troubled water and power authority.
May 4 -
Moody's says that the pension system will likely run out of money in fiscal year 2024.
April 19 -
S&P raised CPS' junk rating by one notch, saying federal funds will boost an "already positive financial trajectory."
April 5 -
The authority's board will be replacing two leaders.
March 9