Puerto Rico

Puerto Rico Oversight Board executive director Natalie Jaresko told The Bond Buyer the commonwealth might also pay some of its debt later this year.

The increase in median income may be connected to emigration from the island.

Puerto Rico Title III bankruptcy judge Laura Taylor Swain rejected a motion to lift the stay on the Puerto Rico Electric Power Authority's debt litigation, denying its creditors the ability to seek a receivership.

Kobre & Kim will assist in the board's investigation of Puerto Rico’s debt.

One lawyer called the bankruptcy judge’s ruling a "victory in the Oversight Board's effort to destroy all bondholder liens in Puerto Rico."

The bill passed by the Senate to protect Puerto Rican investors is like one pending in the House.

Puerto Rico government representatives told the Title III bankruptcy judge that sales and use tax revenues used for paying Puerto Rico Sales Tax Corp. (COFINA) bonds belong to the commonwealth.

Lower-rated issuers like Puerto Rico have been slower to rebound from past natural disasters, municipal analysts said.

A U.S. district court on Tuesday rejected that bond insurer Ambac Financial was liable for allegedly overly optimistic and misleading statements it had made about its insured Puerto Rico bonds.