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The electrical generator provides about 21% of the Puerto Rico Electric Power Authority's electricity and the default's impact on PREPA and PREPA's bankruptcy remain to be seen.
June 2 -
The Visitor Bureau says the number of tourists this fiscal year is likely to be 40% less than what had been predicted. Tourism is a large portion of Guam's economy.
May 31 -
The exchange-traded fund — the first ever triple tax-exempt — will consist of 80% Puerto Rico bonds with the balance being U.S. Virgin Islands and Guam bonds.
May 18 -
The private Medaille University is closing its doors after failing to sell itself to a nearby college. It has more than $20 million of bond debt.
May 17 -
The authority will borrow to pay off its debt at about 50 cents on the dollar.
April 28 -
A letter of credit would be used, in part, to help fund a settlement between WAPA and its fuel supplier Vitol.
April 20 -
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 -
Detroit's return to investment grade is within reach if it stays on track after Moody's put a positive outlook on the Ba1 rating following an upgrade from Ba2.
April 6 -
The authority hopes to have solar and wind provide 30% of the islands' electricity within two years.
March 31