Puerto Rico

There are increasing reports of government officials discussing debt restructuring in Puerto Rico.

Some local governments may require extraordinary financial assistance from the Commonwealth, adding to pressure on its general obligations.

RBC Capital Markets purchased a $246 million bond anticipation note from Puerto Rico Monday, supported by a recently passed oil tax increase.

Puerto Rico’s employment situation is getting worse or significantly better, depending on which U.S. Bureau of Labor Statistics survey one believes.

Three members of the Puerto Rico House of Representatives plan to propose legislation to open the door to restructuring the commonwealth's debt

The Tax Reform Act for Puerto Rico presented by Governor Alejandro Garcia Padilla is the significant change Puerto Rico needs to stimulate the commonwealth's economic development and confront the Island's fiscal challenges.

Puerto Rico reported that the Government Development Bank for Puerto Rico’s liquidity position improved $33 million in February but its General Fund revenues came in $6 million short.

Puerto Rico's House of Representatives Tuesday passed amendments to legislation authorizing $2.95 billion in oil tax-supported bonds, opening the way to the bonds' sale in the next few weeks.

Groups ranging from doctors to truckers to mayors have voiced opposition to a proposed shift from a 7% sales tax to a 16% value added tax, part of an overhaul that would also slash income taxes and eliminate a corporate receipts tax paid by large companies.

The Puerto Rico Aqueduct and Sewer Authority has extended Bond Anticipation Notes due with two banks by two months.

The Puerto Rico legislature is considering amendments to Puerto Rico's planned oil tax bond to make it more attractive to investors.

The Puerto Rico Electric Power Authority, the public corporation that missed a deadline Monday to announce a restructuring plan, had a mixed first half of its fiscal year.

The demise of Doral Bank in Puerto Rico may lead to a default on more than $34 million in municipal bonds and notes.

Circumstances have changed and a different approach to Puerto Rico debt is warranted.

The Puerto Rico Electric Power Authority announced that it will miss Monday's deadline to present a restructuring plan.

Doral Financial Corp. has vowed to appeal a court decision in favor of Puerto Rico concerning $229 million in taxes.

Legislation that would allow government-owned corporations in Puerto Rico to reorganize through Chapter 9 may face an uphill battle after drawing a lukewarm reception from Republicans on a House panel Thursday.

Puerto Rico's Treasury said it won an appeal in its dispute with Doral Bank over $230 million.

A group of Puerto Rico consumers and businesses sued the Puerto Rico Electric Power Authority, professionals at PREPA, and other energy companies for more than $1 billion.

Assured Guaranty, the biggest municipal bond insurer by par value, is poised to rally in the stock market in part because its losses on Puerto Rico debt may turn out to be less than investors fear, according to analysts at BTIG.