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Fitch reaffirms ‘BB-’ rating for CPA

The Commonwealth Ports Authority’s rating on approximately $30.4 million of outstanding revenue bonds is stable, according to a global rating agency that recently affirmed the agency’s “BB-”rating status this year. Fitch Rating reaffirmed Monday the rating for CPA’s senior series...
Posted On Mar 26 2014 13:17
, By Moneth G. Deposa

New law lowers CUC reconnection fee

Besides the Saipan casino legislation, Gov. Eloy S. Inos signed three other bills into law on Friday including one that drastically cuts the reconnection fee for Commonwealth Utilities Corp. customers. For example, the reconnection fee will now be $25 instead of $60 for CUC...
Posted On Mar 26 2014 13:16
, By Haidee V. Eugenio

Airport, seaport debt service ratios exceed trustee requirement

The Commonwealth Ports Authority recorded positive financial performance for the first four months of the fiscal year, resulting in the agency’s exceeding its required debt service ratios for both airport and seaport divisions. In a report to the board of directors, CPA...
Posted On Mar 26 2014 13:16
, By Moneth G. Deposa

Option to ship Tinian solid waste to Saipan

Marine Forces Pacific executive director Craig B. Whelden said that moving solid waste from Tinian to Saipan where there is a compliant sanitary landfill is one of the options now being considered as the military plans to build live-fire training ranges on both Tinian and Pagan....
Posted On Mar 25 2014 10:21
, By Haidee V. Eugenio
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