Puerto Rico

The judge's record so far suggests a pattern that may encourage further appeals in the biggest U.S. municipal bankruptcy.

The agreement ends an attempt by unsecured creditors to scuttle a restructuring of $4.1 billion bond debt.

The Oversight Board questioned the legality of an announced rate cut by the power authority, while insurers sought permission to name a receiver.

Puerto Rico entities paid millions for rejected proposals, lost $1.1 billion on risky interest rate bets.

A hearing on the unsecured creditors' bid for standing was postponed to Friday to allow time for the talks.

If the unsecured creditors prevail in challenging the negotiated deal, the consensual restructuring of $4.1 billion may be thrown out.

Its estimates are more pessimistic than the Oversight Board’s projections of island gross domestic product.

HJ Sims Managing Director German Ramirez and Senior Vice President Richard Prann focus in on the latest developments in Puerto Rico. They talk about what’s been happening with PREPA and COFINA and the implications this may have for bondholders. Chip Barnett hosts.

The Oversight Board said it had "finalized" the COFINA Plan Support Agreement

Puerto Rico’s federal overseers are poised to raise their forecast for the island’s budget surplus over the next four decades after an influx of aid and rebuilding from last year’s storm is expected to give a jolt to the economy.