Puerto Rico

Fitch Ratings has downgraded the rating on the following bonds issued by the Puerto Rico Public Buildings Authority to D from C to reflect payment default: Government facilities revenue and revenue refunding bonds, series R, S, T, and U.

A member of the Puerto Rico House of Representatives asked U.S. Attorney General Jeff Sessions to change a planned referendum on Puerto Rico’s status.

Puerto Rico Gov. Ricardo Rosselló’s office blasted the president of the University of Puerto Rico for failing to provide information expected to be used to slash the university’s subsidy.

The Puerto Rico Energy Commission rejected immediate approval of the Aguirre Offshore Gas Port project for the Puerto Rico Electric Power Authority.

Tension between the Puerto Rico Oversight Board and the island's government grew Sunday when the governor rejected the board's claim to prior review of legislation.

Puerto Rico Gov. Ricardo Rosselló has said that he is setting aside $146 million for the payment of general obligation bonds.

Major investment firms made unethical and probably illegal loans to Puerto Rico’s government from 2000 to 2008, according to a report from a populist financial industry watchdog.

Puerto Rico Gov. Ricardo Rosselló is taking a risk in trying to get better debt terms from the Puerto Rico Electric Power Authority bond insurers, analysts said.

The Puerto Rico Oversight Board fired off two letters this month defending its authority over the local legislature as its effort to oversee the economy and address the debt crisis ran into resistance from island lawmakers.

Puerto Rico Gov. Ricardo Rosselló signed into law a bill for a June referendum on Puerto Rico’s political status.