Puerto Rico

Benefits may aid island's economy and reduce pressure on island's local and territory-wide governments to pay for welfare benefits.

Bondholders, financial cooperatives and a Puerto Rico legislator offered different lines of attack on an 18-month-old bond deal.

Their suit against 11 bond underwriters will be heard in a local, rather than federal, court, the lead judge said Wednesday.

Acosta Jordán has more than 30 years of financial services experience in Puerto Rico.

Puerto Rico public corporation unions fought against PROMESA and local laws in an appeals court Monday.

“I absolutely do intend on refilling my complaint,” Andrew Hennigan told The Bond Buyer.

The United States Bureau of Labor Statistics' household and employer surveys tell different tales about the depth of Puerto Rico's downturn.

Highways and Transportation Authority collections are also behind expectations.

Puerto Rico faces an uphill battle for recovery — what should happen and what will happen in the coming years for the island is in one word: uncertain.

The Puerto Rico Oversight Board has saluted the privatization deal.