Puerto Rico

The pandemic will damage the territory's ability to make debt payments it had previously expected to fund through fiscal 2025, according to a new fiscal plan.

Some economic sectors should open sooner than others, it said.

Swain says the challenge would be considered in two stages.

Analyst says the shortfall is another problem for the island's economy.

The ruling on the funding of municipal pensions and healthcare will pose a challenge to municipal government finances.

The appellate ruling that residents should be eligible for the Social Security Administration program has the potential to help Puerto Rico's economy.

The Puerto Rico Oversight Board had asked for the postponement, citing the impact of COVID-19 and its possible financial impact on PREPA.

The judge said that certain attorney-client privilege confidential information must be removed from complaint.

The Oversight Board has asked for delays concerning non-central government bonds.

The Unsecured Creditors Committee responded to the Oversight Board chairman's statements that the board may change central government bond restructuring terms.

The funds will be in addition to the $160 million from the Emergency Reserve Fund that the board released March 12.

Puerto Rico Oversight Board seeks delay in central government restructuring

Judges said the district court judge was reasonable in her treatment of the case differently from that of a corporate bankruptcy.

Puerto Rico Gov. Wanda Vázquez Garced issued an order for all residents except a few classes of essential employees to remain at home.

Appointee Marrero has extensive backgrounds in government service, law, and finance.

The bond's Official Statement warned not to expect payments on time.

Puerto Rico bankruptcy judge Laura Taylor Swain ordered Wednesday what some said was an overly aggressive schedule for approving a central government debt restructuring.

The plan still faces formidable opposition from multiple parties.

A former Puerto Rico bankruptcy attorney says the firms have conspired to break the law so as to advance their financial interests over those of their clients.

Puerto Rico-based creditors took steps Tuesday to oppose the two biggest proposed restructurings of the commonwealth's bonds.