Puerto Rico

Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.

The Trump administration court filing will give PREPA bondholders an incentive to hold out for a better offer, according to one observer.

Puerto Rico's electric authority, mired in nine-year-old bankruptcy proceedings, is running low on cash and its efforts to reduce outages aren't succeeding.

The larger tax-exempt portion of the bonds reportedly were 18 times oversubscribed.

Analysts say the drought, which is expected to continue for at least several months, could have economic impacts.

PREPA bondholders asked the court to allow actions against Puerto Rico's central government, which they say undermined the authority's ability to pay its bonds.

The city brings $122.2 million of GO bonds to market next week, believing its investment-grade ratings outweigh the defaults of the Puerto Rico government.

The Puerto Rico Oversight Board want the U.S. Appeals Court for the First Circuit to uphold a lower court's rejection of the bondholders greater than $3.7 billion claim.

A pair of decisions from the U.S. Supreme Court may lead to a more pro-bondholder Puerto Rico Oversight Board.