Puerto Rico

The creditors of the Puerto Rico Electric Power Authority extended their forbearance to the authority by 15 days on Wednesday.

With the forbearance agreement between Puerto Rico Electric Power Authority and its bondholders scheduled to elapse in hours, the two sides were arguing Wednesday about how the agreement should be continued.

Puerto Rico Electric Power Authority chief restructuring officer Lisa Donahue said she has not made a decision yet about whether she will seek a restructuring of the authority’s debt.

Puerto Rico Electric Power Authority bondholders have offered to extend their forbearance agreement with PREPA for another 30 days, according to a public relations firm for PREPA forbearing bondholders.

Puerto Rico Electric Power Authority chief restructuring officer Lisa Donahue will testify before a Puerto Rico Senate committee Tuesday morning.

The Puerto Rico Treasury’s revenues came in 3.4% below projections.

The Puerto Rico Electric Power Authority's chief restructuring officer, Lisa Donahue, is optimistic that an agreement can be reached with its creditors.

An overhaul of Puerto Rico's taxes different from the governor's proposal is moving towards adoption, observers say.

Muni analysts are doubtful that a forbearing bondholder proposal to the Puerto Rico Electric Power Authority will solve all of its financial problems.

The Puerto Rico Electric Power Authority raised concerns Wednesday night about the forbearing bondholders plans' assumptions.

Puerto Rico Electric Power Authority's forbearing bondholders announced an offer Wednesday that would avoid expected cash defaults.

Puerto Rico’s economic activity index was down in January and up on February.

Puerto Rico officials voiced optimism Monday and Tuesday about recent developments with the Commonwealth’s debt and budget.

The Puerto Rico Electric Power Authority and its creditors have agreed to extend their previous forbearance agreement another 15 days, PREPA announced late Monday.

Puerto Rico Electric Power Authority may announce whether its bondholders agreed to extend a forbearance agreement on more than $8 billion of debt.

Puerto Rico's unemployment rate plunged to a seven-year low in February, even as a survey of employers showed the number of people working for them slipped from January.

A major mall opened in San Juan on Thursday, leading to as many as 3,000 new jobs in Puerto Rico.

Fitch Ratings downgraded Puerto Rico’s general obligation bonds to B from BB-minus on Thursday, citing concerns about the commonwealth’s ability to sell a bond to increase liquidity and the legislature’s willingness to pay back the commonwealth’s debt.

A forbearing bondholder of the Puerto Rico Electric Power Authority is hopeful about PREPA’s future and is prepared to lend it more money.

Puerto Rico Gov. Alejandro García Padilla said he was opposed to amending the Puerto Rico constitution to allow restructuring of its debt.