Puerto Rico

Puerto Rico's Supreme Court has declared unconstitutional the teachers' pension reform passed by the Puerto Rico government in December.

After seven years where Puerto Rico's economy generally declined, several economists say there are signs that it is stabilizing.

Puerto Rico's March net revenues came in 1.2% below projections.

A Puerto Rico's House of Representatives committee is rewording Senate-passed energy bills to bar private companies from selling electricity to retail customers.

A Government Development Bank of Puerto Rico spokesman Wednesday denied a report that the Puerto Rico Ports Authority planned to sell a bond by the end of June.

A new study projects that Puerto Rico could receive billions of additional federal dollars if it became a state, information that some observers said could inject new life into the statehood debate on the financially troubled island.

Puerto Rico's Economic Activity Index in February was unchanged from the January value.

Puerto Rico's unemployment rate fell to 15.0% in February from 15.2% in January.

Dozens of dealer sales of Puerto Rico bonds to customers that violated the $100,000 minimum denomination requirement, and were then cancelled, have been erased from EMMA or altered as if they never occurred.

Puerto Rico's leaders are at odds with each other over a potential privatization of the Puerto Rico Electric Power Authority.

Puerto Rico's Economic Activity Index was unchanged in January compared to December.

FINRA is examining allegations that broker-dealers violated bond documents and municipal rules by trading bonds from Puerto Rico's recent $3.5 billion general obligation deal to customers in sizes less than the required $100,000 minimum denomination.

Net revenues at the Puerto Rico Highway and Transportation Authority came in 5.2% better than budgeted in the first six months of its fiscal year, the authority reported.

It didn't take long for several broker-dealers to start selling small denominations of Puerto Rico $3.5 billion of general obligation bonds to retail investors in violation of a requirement in the official statement and municipal securities rules.

The Financial Industry Regulatory Authority fined OFS Securities, Inc. in San Juan, Puerto Rico $40,570 and ordered it to pay more than $13,278 in restitution for buying the territory's bonds for its own account and then selling them to customers at prices with excessive markups.

Puerto Rico Gov. Alejandro García Padilla repudiated a bill to guide possible future restructurings of Puerto Rico public corporation finances, saying the proposal ran counter to the administration’s efforts to rebuild the economy.

The Financial Industry Regulatory has a growing list of arbitration claims related to Puerto Rico bonds on its plate as investors seek damages for what they claim was misleading advice about bond funds.

Secondary rallying on Puerto Rico's new term bonds slowed Thursday morning after initial buyers took immediate profits and exited their positions.

With the long-awaited bond issuance by Puerto Rico in the rearview mirror, municipal bond buyers Wednesday had more than $4 billion of new bonds to purchase.

Puerto Rico Gov. Alejandro García Padilla says that Puerto Rico's $3.5 billion bond sale was a triumph and that he plans to work to balance the budget and revive the economy.