Puerto Rico

Acosta Jordán has more than 30 years of financial services experience in Puerto Rico.

Puerto Rico public corporation unions fought against PROMESA and local laws in an appeals court Monday.

“I absolutely do intend on refilling my complaint,” Andrew Hennigan told The Bond Buyer.

The United States Bureau of Labor Statistics' household and employer surveys tell different tales about the depth of Puerto Rico's downturn.

Highways and Transportation Authority collections are also behind expectations.

Puerto Rico faces an uphill battle for recovery — what should happen and what will happen in the coming years for the island is in one word: uncertain.

The Puerto Rico Oversight Board has saluted the privatization deal.

The Oversight Board welcomed the decisions and one litigant attorney said they would be appealed.

Some participants are afraid that tweaking what they don't like in the law could only make it worse.

Carrión says the biggest problem has been the local government's lack of commitment to structural reforms to benefit the economy.

New Highways and Transportation Authority plan is more pessimistic about debt-service payment.

The local government's inertia and PROMESA's unwieldy structure, along with natural disasters and a global pandemic, have impeded Puerto Rico's recovery.

The move is part of the oversight board's efforts to free localities from dependence on the central government.

LUMA says its priority will be to improve the reliability and resilience of electricity on the island.

The Economic Development Bank for Puerto Rico estimate for economic activity for fiscal 2019 overall, though, was raised.

Employment, retail sales, and economic activity index data are all delayed.

Board says it has prevailed in past legal struggles with the local government.

Bondholders hope to negotiate a deal before July 15.

Municipalities are making draws on reserves as revenues fall due to the pandemic.

The board projects a 10.2% revenue surplus in the coming fiscal year.