Commonwealth of Puerto Rico

The report aims to answer how the debt problem developed and to make recommendations to prevent such a problem from ever arising again in Puerto Rico.

Judge Laura Taylor Swain sided with the retired employees, saying the bondholders' security interest was not properly perfected.

A judge's ruling on whether the U.S. government is responsible for covering Oversight Board-imposed bond losses may come in the winter.

A hurdle has been passed for a judge to issue a ruling on the federal government's responsibility for making investors whole on impaired Puerto Rico bonds.

Key parties say the Oversight Board must certify a fiscal plan with more revenue before they will approve the agreement.

In early December a Puerto Rico government official said that he expected the fiscal year General Fund revenues to be 25% less than budgeted.

With about $12 billion of new deals on tap, muni investors will have plenty of bonds to choose from.

The muni bond market will see almost $12 billion of new deals this week, but 2018's volume lags behind last year's.

It will seem like Christmas in August for municipal investors when nearly $12 billion of new issuance interrupts the dog days.

Municipal bond volume soars to nearly $12 billion next week as supply-starved buyers await the new issue slate.

For one thing, analysts say general obligation bondholders may attempt to derail the plan in Title III bankruptcy court.

Puerto Rico issues rallied after the main parties reached a deal on the restructuring of Puerto Rico Sales Tax Financing Corp. bonds.

The Puerto Rico Oversight Board, the government of Gov. Ricardo Rosselló, COFINA senior bondholders’ representatives, COFINA subordinate bondholders’ representatives, and bond insurers agreed to the deal.

A draft of the plan in early July indicated that 71.3% of the funding was to come from the federal government.

The governor vowed to disobey Swain’s order, which he said would end Christmas bonuses or lead to "massive layoffs."

The market was quiet on Friday ahead of a $7.5 billion new issue calendar as more than $50 billion in August redemptions frees up cash to buy bonds.

Municipal bond buyers will get to see a larger than average new issue slate.

The board declined to say what the net impact on the central commonwealth government’s finances would be.

Christian Sobrino Vega takes over directorship of the agency in charge of debt restructuring from Gerardo Portelo Franco,

Puerto Rico issues rallied on a restructuring agreement for the power company, while municipal bond buyers saw some new supply head their way.