Recent Stories From this Author
Virgin Islands Sales Tax Bond Takes a Seven-Notch Hit
December 1, 2016 S&P Global Readings dropped the Virgin Islands Gross Receipts Tax bonds seven notches to B from BBB-plus Thursday.
Puerto Rico's Rosselló Names Secretary of Justice
November 30, 2016 Puerto Rico Governor Elect Ricardo Rosselló announced that Wanda Vázquez Garced will be the Secretary of Justice in his...
Rosselló Names Campaign Official to Replace Ravitch on P.R. Oversight Board
November 29, 2016 Puerto Rico Governor-Elect Ricardo Rosselló chose his campaign manager, Elías Sánchez Sifonte, to replace public finance...
Puerto Rico's Oversight Board Hires the GDB's Law Firm
November 28, 2016 The Puerto Rico Oversight Board hired financial and legal advisors including Proskauer Rose LLP, which worked for the...
PRASA Says It Can't Pay Debt Without New Revenue or Cost Cuts
November 21, 2016 The Puerto Rico Aqueduct and Sewer Authority said it wouldn’t have the money to make its debt payments in the next 10 years...
Puerto Rico Board Delivers Bad News; Governor Says 'No'
November 21, 2016 The Puerto Rico Oversight Board met with opposition from the territory’s governor, who said he wouldn’t cooperate in a fiscal...
P.R. Oct. Revenues Come in 12% Above Projections
November 17, 2016 Puerto Rico’s October revenues came in 11.9% above the government’s projections.
Puerto Rico Says It Faces a $3B Cash Shortfall This Fiscal Year
November 16, 2016 Puerto Rico said it faces a $3 billion cash shortfall in the current fiscal year without using the bankruptcy allowed under...
Judge Continues Stay in Four Additional Puerto Rico Debt Cases
November 15, 2016 The judge hearing all the debt lawsuits in Puerto Rico’s federal court ordered continued stays in four cases.
Puerto Rico's Rosselló to Meet with Bondholders Wednesday
November 15, 2016 Puerto Rico Governor-Elect Ricardo Rosselló is traveling to New York to meet with Puerto Rico bondholding groups this week,...
Puerto Rico Oversight Board to Hold First Island Meeting Far From the Crowds
November 14, 2016 The Puerto Rico Oversight Board’s first island meeting will be far from population centers and be invitation only.
Puerto Rico Oversight Board Seeks Fiscal Plan Comments
November 11, 2016 The Puerto Rico Oversight Board is seeking comments on Gov. Alejandro García Padilla's proposed fiscal plan.
Puerto Rico Governor-Elect is Seeking $900 Million in the Near Term
November 10, 2016 Puerto Rico Governor-Elect Ricardo Rosselló is seeking $900 million to get Puerto Rico through the current fiscal year.
Puerto Rico Governor Names Bielenberg as Revitalization Coordinator
November 9, 2016 Puerto Rico Gov. Alejandro García Padilla named Aaron Bielenberg as the PROMESA board’s revitalization coordinator.
Rosselló's Election as Puerto Rico Governor Called Positive for Bondholders
November 9, 2016 Ricardo Rosselló Nevares' election as Puerto Rico's next governor is seen as positive for bondholders as the island's debt...
City in Puerto Rico Shuts Down Government for Lack of Money
November 7, 2016 The city government of Toa Baja, Puerto Rico, shut down Monday due to lack of money, a path a municipal expert said other...
Judge Orders Continued Stay in Three Puerto Rico Debt Cases
November 3, 2016 The judge hearing all the debt lawsuits in Puerto Rico’s federal court ruled for a continued stay in three cases, saying the...
Puerto Rico Treasurer Says Government Development Bank May Fail
November 2, 2016 The Government Development Bank for Puerto Rico, with about $3.8 billion of debt outstanding, may fail and it’s possible that...
Puerto Rico Governor's Fiscal Plan Comes Under Fire at Home
November 1, 2016 Puerto Rico-based tax, economic and investment banking specialists are criticizing the 10-year fiscal plan the governor...
Biogen to Open Factory in Puerto Rico
October 31, 2016 Puerto Rico announced that pharmaceutical giant Biogen will open a drug manufacturing factory on the island, creating 350 jobs.