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July 4, 2020

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Sunday, June 30, 2019

The government of Guam’s total public debt ticked past $2.6 billion as of 2017, leaving every Guam citizen in debt of $16,106.2, according to the Government Accountability Office’s public debt outlook for U.S. territories.

GAO noted that GovGuam’s borrowings were driven...

Monday, December 26, 2016

Fitch Ratings has downgraded the rating on the government of Guam’s $763.315 million Business Privilege Tax (BPT) revenue bonds from A- to BB.

“The downgrade is based on Fitch's assessment that the BPT bond security can no longer be rated distinct from the general opera...

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