Commonwealth of Puerto Rico

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.

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.