Puerto Rico

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.

The legislation would give Puerto Rican voters the choice to become a state and Congress would be bound to accept.

The Oversight Board, the Fiscal Agency and Financial Advisory Authority, and fuel line lenders filed separate objections to the bondholders' request, arguing it would further complicate PREPA's plan of adjustment.

Two ratings agencies expect AES Puerto Rico to default on Puerto Rico municipal conduit bonds.

Swain set a deadline ahead of what was requested by the Oversight Board.

The New York Fed said the tech sector's employment contraction impact on the New York City economy was unlikely to be significant.

Through the fiscal year's first eight months, revenues are 17.2% above projections.

The Puerto Rico Oversight Board wants the district court's PREPA bankruptcy to continue even if an appeals court considers the bondholders' appeal of a lien ruling.

Economic activity index is up month-to-month but down year-over-year.

The board says the PREPA bondholders are making "extraordinarily broad and burdensome" requests.

The bond parties want the appeals court to immediately consider their liens on revenue but getting this heard before an approved plan of adjustment may be an uphill battle.

In his annual address to Puerto Rico's legislature Pedro Pierluisi hailed the growth of Puerto Rico's economy.

The governor asked the high court to review a ruling that gave the board broad power to overturn laws it deems inconsistent with the island's fiscal health.

Analysts say the PROMESA bankruptcy law is more creditor friendly than how the judge in the PREPA case interprets it.

The ruling may open the way for approval of a payout to bondholders as small as 0.21%.

A magistrate told PREPA bondholders and Oversight Board to continue negotiations for at least another 13 days.

Holders of COFINA subordinate bonds are seeking compensation from the U.S. government, claiming their property was taken without just compensation.