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The Puerto Rico Oversight Board has voted unanimously to ok a five-year fiscal plan that faces local government opposition.
October 23
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The revised five-year fiscal plan projects increased disaster-related funding and slowing population decline through 2023.
October 22
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Weekly bond volume is forecast to fall to $5.9 billion from $10.3 billion in the prior week.
October 19
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Household survey is much more positive about total employment than establishment survey.
October 19
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Municipal bond supply plunges to under $6 billion next week after seeing over $10 billion of new issues priced this week.
October 19
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The Oversight Board and Gov. Rosselló remain at odds over pensions and labor reform.
October 19
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The municipal bond market is set for almost $11 billion of new supply.
October 12
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Municipal bond supply jumps to almost $11 billion next week as investors get set to see a wide variety of deals heading their way.
October 12
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A government official said the governor took the action as a step to restore Puerto Rico's credit.
October 11 -
The judge's record so far suggests a pattern that may encourage further appeals in the biggest U.S. municipal bankruptcy.
October 10
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The agreement ends an attempt by unsecured creditors to scuttle a restructuring of $4.1 billion bond debt.
October 5
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The Oversight Board questioned the legality of an announced rate cut by the power authority, while insurers sought permission to name a receiver.
October 5
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A hearing on the unsecured creditors' bid for standing was postponed to Friday to allow time for the talks.
October 3
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If the unsecured creditors prevail in challenging the negotiated deal, the consensual restructuring of $4.1 billion may be thrown out.
October 2
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Municipal bond supply jumps next week as the last quarter of the year begins.
September 28
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Its estimates are more pessimistic than the Oversight Board’s projections of island gross domestic product.
September 27
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The Oversight Board said it had "finalized" the COFINA Plan Support Agreement
September 21 -
Puerto Rico’s federal overseers are poised to raise their forecast for the island’s budget surplus over the next four decades after an influx of aid and rebuilding from last year’s storm is expected to give a jolt to the economy.
September 20
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Bankruptcy Judge Laura Taylor Swain still has to rule on two other Unsecured Creditors Committee challenges.
September 19 -
Island residents would recover up to 50% of the value of their losses.
September 18
