Recent Stories From this Author
COFINA Holders Lawyer Talks about the Bonds' Present and Future
July 22, 2016 The lead attorney representing the interests of holders of COFINA senior bonds answered some questions about the bondholders’...
Puerto Rico's Employment Picture Continues Improvement
July 22, 2016 Puerto Rico’s employment situation continued to improve in June, with total employment up 2% from a year earlier.
Assured Guaranty Sues Puerto Rico on Toll Diversion
July 22, 2016 Assured Guaranty subsidiaries sued Puerto Rico over its diversion of toll revenues that had supported insured bonds.
Hedge Fund GO Holders Sue Puerto Rico
July 20, 2016 Six hedge and investment funds holding Puerto Rico general obligation bonds sued Puerto Rico leaders Wednesday, seeking the...
Investor Sues Puerto Rico Governor and PRHTA
July 19, 2016 An investor in Puerto Rico Highways and Transportation Authority bonds has sued Puerto Rico officials and the PRHTA.
Why Puerto Rico Control Board Faces an Uphill Climb
July 18, 2016 The Puerto Rico rescue bill sets the stage for a control board that some say may be ill suited to solving the island's...
PREPA Performed Twice as Badly as Expected in First 10 Months of Fiscal Year
July 14, 2016 The Puerto Rico Electric Power Authority performed twice as badly as budgeted in the first 10 months of the fiscal year.
PRASA Seen as High Risk for Default
July 12, 2016 The Puerto Rico Aqueduct and Sewer Authority’s risk for default has risen along with that of the commonwealth, according to...
Virgin Islands Plans $1B Bond Despite Ratings Actions, Puerto Rico Concerns
July 11, 2016 U.S. Virgin Islands officials said they plan to sell a $1 billion bond, even as analysts raised concern that its debt could be...
Puerto Rico Budget Lacks Debt Service Allotment
July 7, 2016 Puerto Rico hasn't made an allotment for debt service seven days into the current fiscal year.
Puerto Rico's Melba Acosta Febo to Leave Service at End of July
July 7, 2016 Puerto Rico's chief financial officer, Melba Acosta Febo, is ending her service to the commonwealth July 31.
Virgin Islands, Guam Placed on Ratings Watch Negative
July 6, 2016 Fitch Ratings put the debt of the U.S. Virgin Islands and Guam on ratings watch negative Wednesday.
Puerto Rican Bondholders Sue Puerto Rico
July 6, 2016 The plaintiffs want the court to declare Puerto Rico’s Moratorium Act to be illegal and unconstitutional.
Breaking Down Puerto Rico’s Historic Default
July 1, 2016 Puerto Rico was poised to pay less than a fifth of the guaranteed debt due on Friday, with none of the payment going to the...
Puerto Rico Invokes Moratorium Act for GO and other Bonds
June 30, 2016 Gov. Alejandro Garcia Padilla late Thursday invoked Puerto Rico’s Moratorium Act on the payment of general obligation bonds...
PREPA Borrows $264 Million to Avoid Friday Default
June 30, 2016 The Puerto Rico Electric Power Authority announced that it was borrowing $264 million to avoid a default on Friday.
Obama Signs PROMESA, Starting Long Process for Puerto Rico
June 30, 2016 President Obama signed the Puerto Rico relief bill Thursday, paving the way for the appointment of an oversight board and the...
PREPA Working on Agreement for July 1 Payment
June 29, 2016 As of Wednesday afternoon the Puerto Rico Electric Power Authority was in talks about Friday's debt payment.
Puerto Rican Leaders Debate How Much to Budget for Debt Service
June 28, 2016 Puerto Rican legislative leaders are debating how much the government should allocate to debt service versus other needs in...
Puerto Rico Energy Commission Approves Rate Increase
June 27, 2016 The Puerto Rico Energy Commission approved a provisional 1.3 cents per kilowatt-hour increase in Puerto Rico Electric Power...