Puerto Rico

Puerto Rico Gov. Alejandro García Padilla nominated five professionals for the board of directors of the Puerto Rico Electric Power Authority and three for the board of the entity planned to issue a securitized version of PREPA’s debt.

In a sign of the challenges the federal board overseeing Puerto Rico’s debt workout may face, the island’s power authority’s deal to restructure more than $8.3 billion remains mired in litigation.

Chairman of the Board of the Puerto Rico Electric Power Authority Harry Rodríguez resigned Tuesday.

The Puerto Rico Oversight Board urged the judge in four key Puerto Rico debt cases to continue a freeze on the litigation.

Puerto Rico employment levels declined in September from August, according the U.S. Bureau of Labor Statistics.

Municipal analysts reject Puerto Rico's claim it can't pay any debt service in the next 10 years without federal help.

The Puerto Rico Oversight Board directed six of the island’s public entities to develop and present fiscal plans.

The Puerto Rico Oversight Board is considering filing briefs in four Puerto Rico bond suits.

Puerto Rico told the Puerto Rico Oversight Board it would have $0 to pay for debt service in the next 10 years unless the federal government passed measures to improve the island’s economy.

Puerto Rico Gov. Alejandro García Padilla plans to present a 10 year fiscal plan to the Oversight Board at its second meeting Friday.