Commonwealth of Puerto Rico

“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.

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.

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.

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.