Puerto Rico Infrastructure Financial Authority

Board says it has prevailed in past legal struggles with the local government.

The board projects a 10.2% revenue surplus in the coming fiscal year.

The Puerto Rico Oversight Board say the HTA, PRIFA, and CCDA bondholders never gained liens on revenues.

Success can't be achieved unless the local government more actively pursues reform, sources say.

The board anticipates a $22 billion cumulative deficit through fiscal 2049.

The Puerto Rico Oversight Board and local government are being allowed to file additional replies concerning lift stay motions.

The pandemic will damage the territory's ability to make debt payments it had previously expected to fund through fiscal 2025, according to a new fiscal plan.

The court filings could directly impact about $6 billion of bonds and $15 billion more indirectly.

Some economic sectors should open sooner than others, it said.

Analyst says the shortfall is another problem for the island's economy.

The Oversight Board has asked for delays concerning non-central government bonds.

The Unsecured Creditors Committee responded to the Oversight Board chairman's statements that the board may change central government bond restructuring terms.

The plan still faces formidable opposition from multiple parties.

Puerto Rico-based creditors took steps Tuesday to oppose the two biggest proposed restructurings of the commonwealth's bonds.

Elí Díaz Atienza will leave his posts as PRASA executive director and liaison to the oversight board later this month.

The total employment number slipped below one million in December, according to the U.S. Bureau of Labor Statistics.

Puerto Rico Bankruptcy Chief Mediator Barbara Houser said that the bankruptcy judge should rule on issues concerning "nonsecured creditors."

Deal offers up to 76% for Public Building Authority bonds but as little as 3% for $16B of bonds subordinated to the GO debt in Puerto Rico's constitution.

An Oversight Board lawyer said that an announcement might be made in the next 30 days.

Puerto Rico's legislature may not want to approve what would effectively be an electricity rate increase, said analysts at a recent conference.