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The reserve should have enough to cover bond payments for a year, according to an observer.
December 20 -
Prices have fallen for Alabama private activity bonds issued for wood pellet producer Enviva amid the firm's larger struggles.
November 15 -
The Board of Education enters the market with two speculative grade ratings and one investment grade after affirmations from the agencies across the board.
October 24 -
Loss of aid could hurt the islands' economy, a local senator says.
October 13 -
CEO Andrew Smith says authority is taking steps toward settling its outstanding debt.
September 28 -
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.
September 28 -
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.
September 21 -
The governor said the budget would needlessly wipe out a rainy-day fund.
September 15 -
The money is to help AES-Puerto Rico continue to provide PREPA with electricity.
July 7 -
Government says it is unsure how it will be able to make debt and pension payments.
July 3