Commonwealth of Puerto Rico

Bondholders hope to negotiate a deal before July 15.

House Natural Resources Committee Chairman Raul Grijalva last month introduced a bill to amend the 2016 Puerto Rico Oversight, Management, and Economic Stability Act.

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

The Puerto Rico Oversight Board say the HTA, PRIFA, and CCDA bondholders never gained liens on revenues.

The fragility of the economy amid protests and the continuing coronavirus threats have dealers unloading some risk.

The Supreme Court's decision will lead to federal consideration of who should serve on the Oversight Board for the next three-year term.

Although voters are dissatisfied with the current administration's response to three crises, turnout is expected to be light.

Success can't be achieved unless the local government more actively pursues reform, sources say.

The board anticipates a $22 billion cumulative deficit through fiscal 2049.

The Unsecured Creditors Committee say that two factors make it clear the current restructuring deal will never be approved.

The commonwealth has been able to access less than 30% of the aid the federal government promised after the devastating 2017 hurricane.

The Puerto Rico government attributes the decline to the COVID-19 virus and the governor's resulting lockdown order.

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.

The court filings could directly impact about $6 billion of bonds and $15 billion more indirectly.

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