Puerto Rico

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.

Moody's Investors Service says a court ruling in favor of Puerto Rico government’s pension overhaul is a credit positive for the commonwealth.

Fitch Ratings downgraded the Puerto Rico Electric Power Authority's revenue bonds to BBB-minus from BBB-plus.

Puerto Rico Gov. Alejandro García Padilla signed a fiscal 2014 budget with a 7.9% operating deficit on Sunday.

The Puerto Rico government has approved new revenue for the Puerto Rico Highways and Transportation Authority.

The Puerto Rico Senate passed a budget addressing revenue needs for the Puerto Rico Highways and Transportation Authority.

Puerto Rico has not sold bonds recently but its bonds have been trading mixed on the secondary market.

Puerto Rico Gov. Alejandro García Padilla and legislative leaders have reached a new tax deal.

Standard & Poor's had dropped its rating on grant anticipation revenue bonds from the Puerto Rico Highway and Transportation Authority to A from A-plus.

Puerto Rico has disclosed that the U.S. Treasury is no longer skimming money from federal grant payments backing the commonwealth's Garvee bonds, a day after Moody's Investors Service placed the debt on notice for possible downgrade.

Moody's Investors Service has placed its A2 rating on the Puerto Rico Highways and Transportation Authority grant anticipation revenue bonds on review for a possible downgrade.