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The potential financial lifeline from investors holding $3 billion of the utility’s bonds would only be available if the authority agrees to repay a third of that debt for 85 cents on the dollar
September 27 -
The Title III bankruptcy case omnibus hearing has been indefinitely postponed.
September 26 -
Effort to help Puerto Rico hampered by logistics, such air traffic control system damage.
September 25 -
Hurricane Maria’s devastation of Puerto Rico is a credit negative for Assured Guaranty and National Public Finance Guarantee Corp., Moody’s Investors Service said.
September 25 -
The board approved the reallocation of $1 billion for emergency funding to recover from Hurricane Maria.
September 22 -
The devastating storm may delay Puerto Rico's path to economic growth.
September 21 -
Puerto Rico Oversight Board executive director Natalie Jaresko told The Bond Buyer the commonwealth might also pay some of its debt later this year.
September 19 -
The increase in median income may be connected to emigration from the island.
September 15 -
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.
September 14 -
Kobre & Kim will assist in the board's investigation of Puerto Rico’s debt.
September 14