Puerto Rico Highway & Transportation Authority

The December index value was down 0.7% from November.

The appeals court ruled the appointments were unconstitutional, but didn’t invalidate either the existing board's actions or the parts of the Puerto Rico Oversight, Management, and Economic Stability Act that didn't address the board appointment process.

Ruling may lead to the requirement to pay interest on the bonds despite the Employees Retirement System bankruptcy.

Traditional bond buyers are going back to Puerto Rico.

Rosana Aguilar is expected to focus on maintenance and repair of existing roads by the authority, which is in Title III bankruptcy with $4.1 billion of bond debt.

The economy and several pending court cases may also determine the progress of the historic debt restructuring in 2019.

The board's adversary proceeding has implications for both the authority’s bonds and the finances of the many Puerto Rico government entities that pay rent to the PBA.

The employment numbers are additional signs that the post-hurricane growth period is taking a pause.

The census figure discrepancy highlights the likelihood of revisions to the fiscal plan governing repayment of the territory's debt.

HJ Sims Managing Director German Ramirez and Senior Vice President Richard Prann focus in on the latest developments in Puerto Rico. They talk about what’s been happening with PREPA, COFINA and the GDB -- and discuss implications this may have for bondholders. Chip Barnett hosts.