Puerto Rico Aqueduct & Sewer Authority

A survey shows local business owners are more pessimistic than they were six months ago.

The authority will takes steps to raise $1 billion to address expected growth of expenses.

While expenditures also grew, revenues came in 4.5% higher than projections and were higher than the authority's cost growth.

With the ink still drying on the central government restructuring, analysts give takeaways from Puerto Rico's bankruptcy. Some point to credit fundamentals, others to lack of willingness to pay, as key drivers of the bankruptcies.

Some critics say relying on federal aid may obscure the underlying problems Puerto Rico faces in the longer term as it emerges from bankruptcy.

The Puerto Rico Fiscal Agency and Financial Advisory Authority has requested pre-qualified investment banks to provide ideas and opportunities for refunding for savings.

To become law, the bill would have to pass the House of Representatives and Senate, gain the governor's signature, and avoid potential blocks by the Puerto Rico Oversight Board and lawsuits.

The Economic Activity Index is up 3.5% from a year earlier.

The local planning board is more optimistic about the next 10 years of Gross National Product growth than is the Oversight Board.

Island employment was up overall from 2020 figures.