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Along with substantial reductions in payouts to the GO and PBA bondholders, the board is proposing a near wipe out for HTA, ERS, PRIFA rum, MBA, and CCDA bondholders.
October 1 -
August and September economic activity has probably been better than that of July, analysts said, however some expect economic activity will resume its decline in October and the following months.
September 22 -
The presidential candidate said Puerto Rico's debt should be audited and that some of it may have to be declared illegal and thus void.
September 16 -
The Oversight Board said that it expects to know by Oct. 25 whether it can propose a new plan of adjustment.
September 11 -
Laura Taylor Swain said she will decide some of the bond insurers' arguments when she resolves continuing adversary proceedings.
September 9 -
The federal $600 monthly addition to unemployment insurance boosted income, but the local economy took a bigger hit than that of the U.S.
August 24 -
The law restricting various aspects of debt issuance goes beyond the central government to also cover the public corporations.
August 12 -
Benefits may aid island's economy and reduce pressure on island's local and territory-wide governments to pay for welfare benefits.
August 4 -
Puerto Rico public corporation unions fought against PROMESA and local laws in an appeals court Monday.
July 28 -
“I absolutely do intend on refilling my complaint,” Andrew Hennigan told The Bond Buyer.
July 22