Puerto Rico

Two bond insurance subsidiaries of Assured Guaranty Ltd. have made interest payments to holders of insured general obligation and other bonds after Puerto Rico and certain of its instrumentalities failed to pay on Jan. 3, 2017.

Puerto Rico creditors presented arguments in federal court in Boston as they asked a judge to lift a stay on litigation over the island’s debt, even as an official in San Juan said the government there would seek to have it extended.

New Puerto Rico Gov. Ricardo Rosselló is taking steps to immediately cut the government’s spending and revenues.

A U.S. Congressional Research Service report may undermine the position on Puerto Rico’s status held by one of the island’s two main political parties, according to an opposition party leader.

Puerto Rico Governor-Elect Ricardo Rosselló announced an initiative to improve technology to make the government cheaper and more efficient.

Shutting down the operations could put the GDB's payment of $3.8 billion of debt into question and hurt the finances of Puerto Rico's municipalities.

The Puerto Rico Electric Power Authority announced that it had given the money for its January payment to its bond trustee.

Puerto Rico Governor–Elect Ricardo Rosselló named Jose Marrero Rosado to oversee the government's Office of Management and Budget.

The board of the Puerto Rico Aqueduct and Sewer Authority fired the authority’s president Alberto Lázaro Castro on Friday.

The Puerto Rico Electric Power Authority won a legal case challenging its consensual debt restructuring agreement and said it will make its January bond payment.

Puerto Rico Gov. Alejandro García Padilla released more pessimistic figures for the next 10 years and said they were added evidence that a negotiated debt solution was impossible.

Puerto Rico Governor-Elect Ricardo Rosselló appointed Christian Sobrino Vega as his chief economic advisor.

The Puerto Rico Oversight Board presented its first take on what needs to be done to bring the commonwealth out of its fiscal crisis.

Congress should further debate the effectiveness of Securities and Exchange Commission and Municipal Securities Rulemaking Board rules governing the failure to comply with municipal securities disclosure requirements, a congressional task force on Puerto Rico recommended.

Puerto Rico Governor-Elect Ricardo Rosselló named Luis Burdiel Agudo as the new president of the Economic Development Bank for Puerto Rico.

Puerto Rico Board Chairman José Carrión III said Governor-Elect Ricardo Rosselló will have the final say on the five-year fiscal plan for finances and debt.

Puerto Rico's employment continued contracting in November, with the household survey's total employment down 2.1% since July.

Puerto Rico Governor-Elect Ricardo Rosselló appointed financial professionals to two key positions within his government.

The Puerto Rico Electric Power Authority extended a restructuring agreement with creditors until March 31.

Puerto Rico’s November General Fund revenues came in 8.9% better than budgeted.