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A group of economists including Joseph Stiglitz would cut the face value of Puerto Rico bonds by 80% or more.
January 17 -
Moody's said the delay may signal the damage to the island's economic prospects is worse than officials thought, suggesting the return for bondholders will be even lower.
January 12 -
Puerto Rico bondholders will have to wait until Jan. 24 for details on how much their payments may be reduced because of hurricane devastation.
January 11 -
Puerto Rico oversight law's constitutionality comes under fire as investors' and workers' interests intersect.
January 10 -
Debt service may be cut from 24 cents on the dollar as the commonwealth deals with recovery from Hurricane Maria.
January 5 -
The Puerto Rico Oversight Board gave extensions to Puerto Rico’s government and public authorities for fiscal plan submissions.
December 21 -
Bond analysts and Puerto Rico political leaders were voicing concern Friday over a new tax on territories reportedly included in the Republican federal tax bill.
December 15 -
Over two months after Hurricane Maria devastated Puerto Rico, the island’s government still hasn’t received any of the $4.9 billion of short-term loans promised in the storm aid package Congress passed at the end of October.
December 8 -
Puerto Rico expects its central government revenues to come in 25% short of budget in this fiscal year.
December 5 -
Sen. Bernie Sanders, I-Vt., introduced a comprehensive support bill for Puerto Rico and the U.S. Virgin Islands Tuesday, calculated to cost up to $146 billion.
November 28