HeyJaredRobert Slavin
- Indexed articles, last 90 days
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- Oct 1, 2026
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Guam Power Authority downgraded to Baa3 by Moody's (opens the original)
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Moody's Ratings downgraded the Guam Power Authority's senior lien revenue bond rating to Baa3 from Baa2, citing a weakened financial profile and increasing constraints on its ability to raise rates. The action — which affects $422 million of debt — stemmed from "elevated fuel cost volatility, materially weaker liquidity, and growing affordability pressures that are constraining rate-setting flexibility and weakening credit metrics. With already high customer bills expected to substantially rise
Election may bring changes to Florida and North Carolina finances (opens the original)
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November's election may bring changes to local and state finances in Florida and North Carolina, analysts say. Polling indicates Democrats have good chances of increasing their representation in the state legislatures and voters will have opportunities to mandate lower state tax rates and decide property tax referendums that would profoundly affect local government finances. North Carolina voters will vote on a property tax levy limit referendum, which would require the North Carolina General As
Carlton named new director of Alabama finance department (opens the original)
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Doryan Carlton will take over as director of the Alabama Department of Finance, Gov. Kay Ivey announced Monday. Her duties as finance director will include overseeing the state's bond issuance. Carlton will replace Bill Poole, who's last day will be Friday. Carlton has been serving as state budget director. "For years, Doryan has done good work on our state's budgets within the Executive Budget Office," Ivey said. "Thanks in part to her leadership, Alabama has not once declared proration during
Shelby County, Tenn., downgraded to Aa2 from Aa1 by Moody's (opens the original)
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Moody's Ratings downgraded Shelby County, Tennessee's issuer and general obligation ratings to Aa2 from Aa1, citing lower reserves and liquidity. The agency maintained its stable outlook and left unchanged the county's VMIG 1 short-term enhanced rating on its variable rate demand bonds. As of June 30, 2025, the county had $1.1 billion in debt outstanding. The downgrade "reflects a weakening of the county's financial position, including materially lower reserves and liquidity that are no longer c
Appeals court rejects PREPA bondholders' claim against Puerto Rico (opens the original)
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The First Circuit Court of Appeals upheld U.S. District Court Judge Laura Taylor Swain's ruling against Puerto Rico Electric Power Authority bondholders in their lawsuit aimed at getting relief from Puerto Rico's central government. The three judge panel in their ruling Wednesday said PREPA bondholders' trustee, U.S. Bank, N.A., could not make certain claims against Puerto Rico now because the trustee was a party to the 2022 Puerto Rico central government plan of adjustment in which it waived th
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