Puerto Rico

In the second year of Puerto Rico Gov. Alejandro García Padilla's administration, there was plenty of news from the commonwealth for municipal bond investors to digest.

Two years into Puerto Rico Gov. Alejandro García Padilla's tenure, municipal bond market analysts are generally negative about his second year and concerned about the commonwealth's future.

Puerto Rico's economic activity index climbed 0.1% in November compared to October.

Puerto Rico Gov. Alejandro García Padilla is delaying signing an oil tax hike that would support Puerto Rico's Highways and Transportation Authority and GDB.

Puerto Rico's private sector employment reached a positive milestone in November.

The historic Condado Vanderbilt Hotel fully reopened in Puerto Rico on Dec. 17, opening the way to more than 300 employees to work there.

The Puerto Rico Electric Power Authority has released a restructuring progress report that said PREPA is taking steps to improve bill collections and is assessing possible changes to its rates.

The Puerto Rico Electric Power Authority said a recently completed business plan had no layoffs but declined to otherwise divulge its contents.

In November Puerto Rico General Fund revenues came in 0.7% short of budget, while the commonwealth's sales and use taxes came in 9.5% above November 2013.

Puerto Rico Governor Alejandro García Padilla announced that he will sign a bill to increase oil taxes to support the commonwealth's Government Development Bank for Puerto Rico and the Highway and Transportation Authority.

Puerto Rico Gov. Alejandro García Padilla has not yet decided whether he will sign oil tax rise legislation approved by the legislature that would support the Puerto Rico Highways and Transportation Authority.

Net revenues of the Puerto Rico Aqueduct and Sewer Authority came in 6.7% ahead of budget in the first quarter of fiscal 2015.

Puerto Rico's Senate approved tax hikes on imported oil Wednesday evening, taking Puerto Rico another step towards issuing a $2.9 billion bond.

The House on Wednesday passed a bill that would extend through the end of the year expired tax provisions known as "extenders," several of which relate to bonds, state and local taxes and Puerto Rico.

On Wednesday morning the FBI arrested an official in the Puerto Rico Highways and Transportation Authority.

The Puerto Rico House of Representatives is expected to approve a hike on imported oil Tuesday for the Puerto Rico Highways and Transportation Authority.

On Tuesday morning several Federal Bureau of Investigation agents raided the headquarters of the Puerto Rico Aqueduct and Sewer Authority.

Puerto Rico's governor said today that unless oil tax increases pass in the next few days, he would order San Juan's public transit closed on Dec. 1.

Puerto Rico's unemployment rated declined to 14.0% in October from 14.1% in September, a sliver of hope for Puerto Rico's struggling economy.

Puerto Rico lawmakers are wrangling with Gov. Alejandro García Padilla over ways to boost the finances of the Puerto Rico Highways and Transportation Authority after the governor's plan to raise oil taxes reportedly ran into opposition.