Puerto Rico Public Buildings Authority

The unsecured creditors gave conditional support to the biggest Puerto Rico debt restructuring.

Puerto Rico granted $521 million in tax credits over the last seven months.

The struggle between board and local government continues, as island leaders agree to a tax overhaul plan.

Analysts are more optimistic about repayment but still dubious about local government cooperation.

The board continues to say that state metrics should be a guide to restructuring the island's central government debt to a much lower level.

Rising interest rates have created a lot of early October red ink in the bond markets, says J.R. Rieger.

The municipal bond market returned from a three-day holiday weekend only to see action pick up where it left off last week — with yields heading higher.

Theboard says Gov. Ricardo Rosselló's plan needs reduced spending and more conservative projections for revenues.

July's elevated revenues continue a several-month-long pattern of General Fund revenues coming in above budget.

Governor rejects ending Christmas Bonus or cutting pensions.

In early December a Puerto Rico government official said that he expected the fiscal year General Fund revenues to be 25% less than budgeted.

For one thing, analysts say general obligation bondholders may attempt to derail the plan in Title III bankruptcy court.

“I realize the urgency of the situation,” U.S. District Court Judge Swain said at the end of the Title III bankruptcy hearing in San Juan.

Governance issues are likely to remain regardless of how Judge Laura Taylor Swain rules on Gov. Ricardo Rosselló's adversary complaint

Bondholders have long complained about the local government's lack of timely and accurate financial information.

The municipal market will see only $74 million of deals in a holiday-shortened week, raising demand for supply the week after.

Ipreo estimates weekly bond volume at $73.8 million, consisting only of competitive sales and no negotiated deals.

A brief period of peace between the Oversight Board and the governor may soon end.

Magistrate Judge Judith Dein said she'd take up the investigation issue at a June 18 hearing.

The bankuptcy court will hear a motion Wednesday to allow the probe, which could undercut billions of dollars in bondholder claims.