Puerto Rico

The Title III bankruptcy judge approved a deal to pay Puerto Rico Employees Retirement System bondholders interest through October.

The Puerto Rico Oversight Board approved a negotiated plan for restructuring the GDB’s $4.8 billion in debt.

A group of hedge funds that owns $3.3 billion of Puerto Rico bonds disclosed in court documents the amount that each of them holds.

The organizational session set the stage to address disputes in a restructuring of $47.5 billion of Puerto Rico’s debt.

Puerto Rico’s municipal government finances deteriorated in fiscal year 2016 from a year earlier, according to a locally-created study.

Moody's Investors Service has downgraded the rating for Puerto Rico Electric Power Authority's (PREPA) approximately $8.0 billion in Power Revenue Bonds to Ca from Caa3. The outlook remains negative.

Puerto Rico Electric Power Authority bonds were slashed to D Thursday by Fitch Ratings in the wake of the utility’s bankruptcy filing.

Assured Guaranty lashed out Wednesday at a federal oversight board decision allowing the Puerto Rico Electric Power Authority to proceed with Title III bankruptcy filing.

PREPA officials said they don't expect the filing to affect owed payments or electric supply.

Fitch Ratings said has downgraded the rating on the Puerto Rico Sales Tax Financing Corporation (COFINA) $6.3 billion senior lien sales tax revenue bonds and $8.9 billion first subordinate lien sales tax revenue bonds to D from C.