Puerto Rico

HJ Sims has announced it has expanded its Puerto Rico advisory team in Guaynabo by adding four new experts in its office in Guaynabo: Roberto Feria Cestero, Carlos Alvarado, Maria "Magie" Mena, and Adrian Fernandez.

Senior holders of Puerto Rico Sales Tax Financing Corp. (COFINA) bonds filed a motion Wednesday to become involved in a court case that pits their interests against those of the commonwealth’s general obligation bond holders.

The Puerto Rico General Fund collected 21% more net revenues in January than budgeted.

Puerto Rico Gov. Ricardo Rosselló suggested Tuesday that the federal Oversight Board's plans for austerity may be against federal law.

Nearly the entire leadership of the University of Puerto Rico resigned in protest of a requested one-third cut in the commonwealth contribution to the school’s budget.

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.