Puerto Rico

Six projects announced this week may lead to $300 million to $400 million of investment.

Municipal bond analysts cite the lack of clarity on the island’s economic future, the level of federal aid after two hurricanes, and the Title III bankruptcy process.

The money could be drawn from an $18.7 billion allocation for the Federal Emergency Management Agency’s Disaster Relief Fund.

Puerto Rico Gov. Rosselló pledged to have electrical service back in less than half the time than had been predicted in late September.

Emergency supplemental spending bills for natural disasters often are treated outside the normal budget.

The Senate is expected to take up the legislation after it returns next week.

Moody’s downgraded $31 billion in Puerto Rico public sector bonds citing the reduced outlook for repayment.

Debt restructuring proposals for the Puerto Rico Aqueduct and Sewer Authority’s senior revenue bonds haven't included any reduction in principal.

Moody's has downgraded Puerto Rico's general obligation bonds to Ca from Caa3, due to the protracted economic and revenue disruptions caused by Hurricane Maria.

Puerto Rico faces a government shutdown after the end of the month without an infusion of cash.

The bond insurers withdrew their challenge of the island's fiscal plan, citing Hurricane Maria.

The Trump administration requested $12.77 billion in initial funding to help Texas, Florida, Puerto Rico and the U.S. Virgin Islands.

Puerto Rico’s debt cannot be canceled by order of the president, restructuring experts and a key congressman said.

Puerto Rico bonds plunged on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

President Donald Trump's budget chief said not to take the president's suggestion that Puerto Rico's debt would be "wiped out" literally, as the territory's bonds plunged to a record low on Wednesday.

President Donald Trump suggested that the government debt accumulated by bankrupt Puerto Rico would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico’s general obligation bonds maturing in 2035 have lost a fifth of their value in secondary trading on concern over the economic impact of the storm.

The board says it will postpone any discussion of furloughs until the next fiscal year.

The Puerto Rico Electric Authority bondholders said their loan offer to PREPA was a sincere offer to help and Puerto Rico’s government bitingly denounced it on Thursday and Friday.

Two key Puerto Rico Oversight Board members met with members of Congress Thursday and Friday.