Puerto Rico Public Buildings Authority

If sales and use tax revenues surpass May 2020 expectations, some bondholders would see increased payments.

Non-farm employment went up for three consecutive months.

They say the bankruptcy judge should delay ruling on the relative priority of Puerto Rico's bonds until she deals with the central government plan of adjustment.

Assured Guaranty and National Public Finance Guarantee reached a deal with the Oversight Board on repayment of $4.6 billion of revenue bonds.

Pierluisi said his approach to governance would avoid fights and promote cooperation.

The board also extended the deadline for two bond insurers to withdraw from the central government bond Plan Support Agreement.

Net revenues came in 21.6% ahead of Puerto Rico Oversight Board projections in the first seven months of the fiscal year.

Assured Guaranty and National Public Finance Guarantee continue talks with the Puerto Rico Oversight Board.

A Biden executive order may lead to the expansion of a central Puerto Rico industry — pharmaceuticals.

The pandemic and the resultant lockdowns have hit employment in the 50 states worse than they have on the island, which saw a 1.6% decline.

At issue is at least $340 million, the cities claim they are not liable for. The suit could impact the viability of the proposed plan of adjustment, but sources say the suit is unlikely to succeed.

The 'pension' bondholders have reached a preliminary deal with the Puerto Rico Oversight Board.

The plan and disclosure statement indicates only some of the terms for the HTA, CCDA, and PRIFA rum tax bonds.

Possible withdrawal of bond insurer support and the opposition of the local government to pension cuts are the biggest hurdles to the plan.

FAFAA head says that Puerto Rico is gaining "credibility" with investors.

An outside consultant provided recommendations on how the commonwealth can catch up on its long-delayed financial reporting, including a multi-year CAFR.

The deal continues to offer better recoveries for the guaranteed Public Building Authority debt than for general obligation debt, but trading of the GOs blew up with more than $180 million exchanging hands to higher prices.

Reducing tax fraud is one of the goals of the fiscal plan approved by the Puerto Rico Oversight Board in May.

Net revenues in the first six months were $5.19 billion. Without postponed income tax revenues from the prior fiscal year, this figure would have been $4.711 billion.

Puerto Rico private sector employment had an even more serious contraction in 2020 on the island than it did in the United States as a whole.