Puerto Rico

Six projects announced this week may lead to $300 million to $400 million of investment.

Municipal bond analysts cite the lack of clarity on the island’s economic future, the level of federal aid after two hurricanes, and the Title III bankruptcy process.

The money could be drawn from an $18.7 billion allocation for the Federal Emergency Management Agency’s Disaster Relief Fund.

Puerto Rico Gov. Rosselló pledged to have electrical service back in less than half the time than had been predicted in late September.

Emergency supplemental spending bills for natural disasters often are treated outside the normal budget.

The Senate is expected to take up the legislation after it returns next week.

Moody’s downgraded $31 billion in Puerto Rico public sector bonds citing the reduced outlook for repayment.

Debt restructuring proposals for the Puerto Rico Aqueduct and Sewer Authority’s senior revenue bonds haven't included any reduction in principal.

Moody's has downgraded Puerto Rico's general obligation bonds to Ca from Caa3, due to the protracted economic and revenue disruptions caused by Hurricane Maria.

Puerto Rico faces a government shutdown after the end of the month without an infusion of cash.