Puerto Rico

Puerto Rico's audited figures for fiscal 2012 show that its general fund deficit grew 24% from fiscal 2011.

Less than half of state pension plans met Morningstar Inc.'s threshold for healthy status in 2012 with Wisconsin again ranking the strongest and Illinois the weakest.

Several government officials are suggesting that the Puerto Rico Electric Power Authority, one of the island’s biggest issuers of debt, be restructured.

Puerto Rico's budget problems are well known, but some analysts say its weak economy is an even more fundamental problem.

Puerto Rico's P3 authority has dropped plans to use a P3 to build a juvenile detention facility, citing technical reasons.

In response to recent yield increases on Puerto Rico bonds in the secondary market, the commonwealth plans to scale back issuance for the remainder of the year.

José Pagán of the Government Development Bank of Puerto Rico defended Puerto Rico’s commitment to financial transparency.

A Puerto Rico public fund that issued a letter of credit is covering coupon payments after a bond default at a Trump Organization-managed golf resort.

The Government Development Bank of Puerto Rico said it recently sold $1.4 billion in notes to outside banks.

Puerto Rico's Economic Activity Index for July showed continued weakness, with the index down 5% year-over-year.

Standard & Poor's Municipal Bond Puerto Rico Index was down 8.9% for August through Wednesday, on track to be the worst performance in at least 14 years.

Bond insurers including Assured Guaranty and MBIA Inc. are on the hook for almost $16 billion of Puerto Rico debt as a new administration there aims to curb speculation that the U.S. territory could go the way of Detroit.

Puerto Rico's Treasury Department hired 65 auditors to cut down on tax evasion and fraud and increase recurring revenues.

The Government Development Bank of Puerto Rico released a preliminary estimate of total revenues for fiscal year 2013 at $8.5 billion.

The United States senator who chairs the Senate committee overseeing Puerto Rico said Thursday the island has only two choices for its future: statehood or independence.

Puerto Rico expects to adopt a balanced budget in the next few years, according to José Pagán, the interim president of the Government Development Bank of Puerto Rico.

Puerto Rico plans to sell $600 million in Puerto Rico Electric Power Authority debt in mid-August, the commonwealth's first bond sale since last year.

The president of the Government Development Bank of Puerto Rico, Javier Ferrer, resigned, posing a new challenge to Gov. Alejandro García Padilla.

Puerto Rico Gov. Alejandro García Padilla, just past the halfway point in his first year in office, is touting his accomplishments – accomplishments that municipal analysts generally acknowledge.

The Puerto Rico Aqueduct and Sewer Authority board voted to increase water rates by 60% on Wednesday.