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The state of emergency will let the governor use the central government's rainy-day fund to provide money to WAPA that semi-autonomous agencies of his government owe the authority. WAPA will use the money to make payments to bondholders and other creditors starting Tuesday.
April 22 -
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
April 19 -
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
April 18 -
The deal comes amid market inflows and a dearth of high-yield supply, but demand will depend, as always, on the price, investors said.
April 9 -
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.
April 3 -
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.
April 1 -
"There's a reason Guam is investment grade," said Muni Credit News Publisher Joseph Krist.
February 5 -
The ratings agency cited federal support and military spending on the island as keys to its decision.
January 25 -
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.
January 12 -
Governor says the money would be used to get through the slow winter revenue months.
January 11