Puerto Rico

The mediation, initiated six weeks ago to resolve disputes over almost $25 billion of bonds, has yet to address the core issue of legality of some of the debt, according to a bondholder familiar with the process.

The Puerto Rico Oversight Board may have a stronger case to declare bonds invalid than the Illinois litigants did.

U.S. Court of Claims Judge Richard Hertling said Tuesday he would issue the stay because he expects key rulings by the Supreme Court and an appellate court.

Judge Laura Taylor Swain sided with the Oversight Board as it sues the local government to comply with its fiscal plans.

CDBG mitigation is a new program to support communities for events that are likely to occur rather than recovery from events that have already occurred. Some disaster recovery funds have been used in the past for mitigation.

She also names Elí Díaz Atienza to fill the role as her representative to the Oversight Board.

It remains unclear how the new governor may alter the Puerto Rican government's stance in the suit.

The Oversight Board urged the federal government to provide more help to the island’s people and businesses.

The deal reduces the authority's debt service by $380 million.

Puerto Rico’s Oversight Board remains committed to assist in the island’s fiscal recovery in the midst of political chaos over who will be running the government.

The insurer seeks at least $720 million from Wall Street firms that underwrote Puerto Rico bonds issued from 2001 to 2007.

Puerto Rico’s economic activity index slipped 0.7% in June from a year earlier, as the economic boost from federal hurricane recovery aid receded.

Secretary of Justice Wanda Vázquez Garced said she will swear in as governor Wednesday afternoon.

The strong performance may strengthen bondholders' hand in negotiating Puerto Rico bond restructuring.

Puerto Rico Senate President Thomas Rivera Schatz is leading a suit seeking the court to remove the former resident commissioner from the position.

Market-moving developments should keep Puerto Rico securities very actively traded for months to come.

Confirmation by one of the island’s two chambers will do little to ease uncertainty about who will become Puerto Rico’s next governor.

Puerto Rico's governor looks to patch up a scandal-ridden administration before his own resignation takes effect.

The impact on the territory's bankruptcy reorganization and hurricane reconstruction was in doubt as it remained unclear who will become the next governor.

It's uncertain whether Pedro Pierluisi's nomination to succeed Rossellówill pass the House.