Puerto Rico

Senior holders of Puerto Rico Sales Tax Financing Corp. (COFINA) bonds filed a motion Wednesday to become involved in a court case that pits their interests against those of the commonwealth’s general obligation bond holders.

The Puerto Rico General Fund collected 21% more net revenues in January than budgeted.

Puerto Rico Gov. Ricardo Rosselló suggested Tuesday that the federal Oversight Board's plans for austerity may be against federal law.

Nearly the entire leadership of the University of Puerto Rico resigned in protest of a requested one-third cut in the commonwealth contribution to the school’s budget.

Fitch Ratings has downgraded the rating on the following bonds issued by the Puerto Rico Public Buildings Authority to D from C to reflect payment default: Government facilities revenue and revenue refunding bonds, series R, S, T, and U.

A member of the Puerto Rico House of Representatives asked U.S. Attorney General Jeff Sessions to change a planned referendum on Puerto Rico’s status.

Puerto Rico Gov. Ricardo Rosselló’s office blasted the president of the University of Puerto Rico for failing to provide information expected to be used to slash the university’s subsidy.

The Puerto Rico Energy Commission rejected immediate approval of the Aguirre Offshore Gas Port project for the Puerto Rico Electric Power Authority.

Tension between the Puerto Rico Oversight Board and the island's government grew Sunday when the governor rejected the board's claim to prior review of legislation.

Puerto Rico Gov. Ricardo Rosselló has said that he is setting aside $146 million for the payment of general obligation bonds.

Major investment firms made unethical and probably illegal loans to Puerto Rico’s government from 2000 to 2008, according to a report from a populist financial industry watchdog.

Puerto Rico Gov. Ricardo Rosselló is taking a risk in trying to get better debt terms from the Puerto Rico Electric Power Authority bond insurers, analysts said.

The Puerto Rico Oversight Board fired off two letters this month defending its authority over the local legislature as its effort to oversee the economy and address the debt crisis ran into resistance from island lawmakers.

Puerto Rico Gov. Ricardo Rosselló signed into law a bill for a June referendum on Puerto Rico’s political status.

Puerto Rico’s government and public bodies missed more bond payments Wednesday as the island remained mired in a debt crisis.

Two Puerto Rico residents are firing back at UBS, saying the firm's challenge in federal court of an $18 million Financial Industry Regulatory Authority arbitration award over losses in Puerto Rico bonds is "a hopeless and baseless attempt at an unwarranted do over."

The Puerto Rico Oversight Board extended the stay on debt-related litigation to May 1 and the deadline for the governor to submit a 10-year fiscal plan to Feb. 28.

The Puerto Rico Senate approved a measure for a June referendum on Puerto Rico’s political status.

The Puerto Rico Oversight Board holds its fourth official meeting Saturday, faced with a disagreement with the new governor over what should be in the commonwealth’s ten-year fiscal plan and escalating discord among local politicians.

Puerto Rico Gov. Ricardo Rosselló approved extending a tax that is providing 25% of the commonwealth’s revenues and had been planned to sunset in calendar year 2018.