Puerto Rico

Statutes of limitation will be the main obstacle, observers say.

Analysts are more optimistic about repayment but still dubious about local government cooperation.

Sergio Marxuach and other officials of the nonpartisan, San Juan-based Center for a New Economy said federal spending on disaster recovery has been slower than in other areas also struck by hurricanes in 2017.

The board continues to say that state metrics should be a guide to restructuring the island's central government debt to a much lower level.

The Puerto Rico Oversight Board has voted unanimously to ok a five-year fiscal plan that faces local government opposition.

The revised five-year fiscal plan projects increased disaster-related funding and slowing population decline through 2023.

As the Puerto Rico Oversight Board gets ready to approve a five-year fiscal plan this week, it is setting up a power struggle between itself and Gov. Ricardo Rosselló and the commonwealth legislature.

Household survey is much more positive about total employment than establishment survey.

Creditors' call for a receiver for PREPA is an Imperfect solution from a suspect source to be decided by the wrong authority – and it just might work.

The Oversight Board and Gov. Rosselló remain at odds over pensions and labor reform.

A government official said the governor took the action as a step to restore Puerto Rico's credit.

The judge's record so far suggests a pattern that may encourage further appeals in the biggest U.S. municipal bankruptcy.

The agreement ends an attempt by unsecured creditors to scuttle a restructuring of $4.1 billion bond debt.

The Oversight Board questioned the legality of an announced rate cut by the power authority, while insurers sought permission to name a receiver.

Puerto Rico entities paid millions for rejected proposals, lost $1.1 billion on risky interest rate bets.

A hearing on the unsecured creditors' bid for standing was postponed to Friday to allow time for the talks.

If the unsecured creditors prevail in challenging the negotiated deal, the consensual restructuring of $4.1 billion may be thrown out.

Its estimates are more pessimistic than the Oversight Board’s projections of island gross domestic product.

HJ Sims Managing Director German Ramirez and Senior Vice President Richard Prann focus in on the latest developments in Puerto Rico. They talk about what’s been happening with PREPA and COFINA and the implications this may have for bondholders. Chip Barnett hosts.

The Oversight Board said it had "finalized" the COFINA Plan Support Agreement