Commonwealth of Puerto Rico

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.

Walter Higgins is to be paid $450,000 per year plus bonuses if metrics are met.

The addition of Amazon will mean most of Puerto Rico's online sales will be taxed, one economist said.

After back to back weeks of decent issuance, the primary muni market will get with a reality check of weekly issuance below $3 billion, thanks mostly to continued tax reform fallout.

The House has approved similar municipal securities and Puerto Rico provisions, but has wanted more sweeping bank deregulation legislation than the Senate.

Gov. Ricardo Rosselló’s proposal, which leaves room to pay as little as 8% of debt service, is too rosy in its economic assumptions, two economists said this week.

January's General Fund revenues were 12.2 percent below pre-Hurricane Maria projections.

Treasury Secretary Steven Mnuchin says it remains to be decided whether the federal loan will be forgiven

Rosselló doesn't mention Puerto Rico's debt in annual state of the commonwealth speech.

The bond insurers say the plan to create a wider Public Service Commission would lead to oversight by inexperienced political appointees.

Judge Laura Swain says she has no authority to challenge fiscal plans.

Rosselló is seeking assistance from Congressional leaders as Puerto Rico struggles to get on its feet financially five months after Hurricane Maria.

Creditors have until May 29 to file a proof of claim, though most bondholders won't have to respond because the judge is allowing trustees to file a "master proof of claim."

The island's future will depend on external aid, the amount of emigration, and internal reforms, economist Jason Bram found.

The judge overseeing the utility's debt restructuring acted in the face of threatened power outages as soon as Wednesday.

PREPA says a widespread shutdown of electricity on Wednesday is inevitable without a major cash infusion.

Puerto Rico's bonds attracted buyers after the governor released a plan that included some debt service payments.

Prices on some Puerto Rico bonds on Thursday continued their week-long rise as buyers showed confidence after hearing some good news coming from the island's government,

Puerto Rico's latest fiscal plan represents an improvement over the previous one, which included nothing for debt repayment.

Puerto Rico’s economy in December was 13.3% less active than it had been in August, a report said.