Puerto Rico

Focus remained on the municipal primary as more supply swept into the market on Wednesday.

The IRS audit of the Puerto Rico Municipal Finance Agency's $59 million in 2005 Series B Refunding Bonds is the third IRS audit of tax-advantaged bonds involving the commonwealth announced over the last six weeks.

The board acknowledged Puerto Rico is in compliance with the fiscal 2019 budget, even as it wrangles with the local government over next year's plan.

Puerto Rico governor signs measure for shift to renewable energy.

Municipal bond volume will fall to $5.5 billion in the upcoming week, with green deals from Illinois and Arizona.

If the ruling holds, analysts said special revenue bonds may have to be re-evaluated based on the general credit of the issuer.

The House Natural Resources Committee has scheduled a May 2 hearing to examine the successes and failures of PROMESA.

The Senate on Wednesday debated a $13.45 billion disaster aid bill that would require Puerto Rico to assume a local share of additional FEMA aid rather than the 100% federal share in a bill passed by the House.

1st Circuit judges upheld the bankruptcy court's ruling that payment of special revenue bonds is voluntary.

As the board wrangles with local officials over the budget, neither the federal courts nor the executive branch have taken action to address a legal challenge to its authority.