Puerto Rico

Puerto Rico Oversight Board says that National Public Finance Guarantee could do "confirmation discovery" at its own expense.

Puerto Rico's FAFAA and bond insurer Ambac also call for rejection of a bondholder proposal for deadlines to approve a plan of adjustment.

Justin Peterson represented the Ad Hoc Group of General Obligation Bondholders for several years.

They say the board should specify a central government plan of adjustment by Nov. 30.

National Public Finance Guarantee says that hedge funds profited from their participation in mediation sessions on central government Puerto Rico bonds.

Delgado Altieri is polling essentially even with Pedro Pierluisi.

The board is searching the entire government and may find a far higher losses.

Along with substantial reductions in payouts to the GO and PBA bondholders, the board is proposing a near wipe out for HTA, ERS, PRIFA rum, MBA, and CCDA bondholders.

August and September economic activity has probably been better than that of July, analysts said, however some expect economic activity will resume its decline in October and the following months.

The presidential candidate said Puerto Rico's debt should be audited and that some of it may have to be declared illegal and thus void.