Puerto Rico

Judge Laura Taylor Swain seemed sympathetic to putting a time limit on the bondholders' claim.

The electrical generator provides about 21% of the Puerto Rico Electric Power Authority's electricity and the default's impact on PREPA and PREPA's bankruptcy remain to be seen.

The judge limits legal arguments to six topics.

A consensual plan of adjustment is unlikely to be reached, according to one observer.

Puerto Rico must take additional steps to be able to regain market access, they said.

The exchange-traded fund — the first ever triple tax-exempt — will consist of 80% Puerto Rico bonds with the balance being U.S. Virgin Islands and Guam bonds.

Dismissal would ease approval of a the current proposed plan of adjustment.

Included in the plan is a $545 million for a loan to the Puerto Rico Electric Power Authority and more money for the government's emergency reserve.

The U.S. Supreme Court ruled against a journalist group seeking the release of a wide range of Puerto Rico Oversight Board information, which may have had an impact on the PREPA bankruptcy proceedings.

One analyst says the final figure will be closer to the Puerto Rico Oversight Board's estimate than the bondholders'.

Many say continued lower rate would threaten U.S. Virgin Islands' financial solvency.

Without a consensual plan, the bankruptcy could be dismissed.

Judge Laura Taylor Swain is upset little mediation has occurred in recent months.

Without certification it will be harder to get the appeals court to hear any bondholders' appeal.

Increasing electric rates to pay the debt would lead to economic contraction, a University of Puerto Rico professor said.

The bondholders and bond insurers submitted four expert reports to support their belief they deserve more money than what's being offered in the PREPA bankruptcy.

Technology is improving collection of the tax supporting COFINA bonds.

They say there are at least six different novel or unsettled questions of law that would be clarified by an appeals court ruling.

The parties haven't been engaging in mediation, angering Judge Swain.

How $5.7 billion will be divided among creditors remains to be figured out.