Puerto Rico

Puerto Rico Gov. Ricardo Rosselló said that his government had agreed to a five day extension of the agreement with Puerto Rico Electric Power Authority creditors.

Puerto Rico bondholders and bond insurers repeated a request to the Puerto Oversight Board to initiate immediate debt negotiations.

The head of the U.S. House Subcommittee that oversees Puerto Rico sent a letter to the island’s governor urging him to accept the already negotiated PREPA deal.

Holders and insurers of $11.9 billion of bonds sent a letter to the Puerto Rico Oversight Board arguing that its fiscal plan breaks the law by ignoring creditor rights.

Puerto Rico employment was up 1.2% in February compared to January.

The Puerto Rico Oversight Board has named a veteran of the Ukraine’s 2014-to-2016 restructuring to be its executive director.

Puerto Rico’s general obligation bondholders called for negotiations on the island’s debt after a judge halted litigation between them and holders of the island’s sales tax revenue bonds.

Puerto Rico bond recoveries may be better than projected by the Oversight Board in the fiscal plan it approved this month, according to a Moody’s analyst.

Subcommittee members heard testimony about the chances for and potential fallout from attempts to renegotiate the PREPA restructuring support agreement as well as what stakeholders have been doing to help the financially troubled commonwealth.

Puerto Rico Electric Power Authority bondholders are resisting the island government's effort to overhaul the utility's existing deal to restructure its business and more than $8 billion of bond debt.