Puerto Rico

The Puerto Rico Electric Power Authority reached a debt restructuring agreement with its lines of credit lenders Tuesday afternoon.

Puerto Rico Electric Power Authority's prospects of a consensual outcome in its debt talks were thrown into doubt after bond insurers quit the forbearing bondholder group, analysts and participants said.

The Puerto Rico Aqueduct and Sewer Authority ended fiscal year 2015 more than twice as strong as budgeted.

Puerto Rico’s unemployment rate declined to 11.6% in August from 11.9% in July.

The Obama administration is emphasizing the urgency of giving Puerto Rico the right to use a bankruptcy process for its debts.

Puerto Rico’s fiscal, economic and debt proposals will be reshaped by a wide array of discussions and negotiations over the coming weeks and months, observers say.

The Puerto Rico Aqueduct and Sewer Authority has reached a tentative settlement with the U.S. Justice Department and Environmental Protection Authority under which it will spend almost $1.54 billion to upgrade and improve its sewer systems island-wide, as well as the Puerto Nuevo system.

Eight Hispanic lawmakers called on the Department of Treasury Monday to take a more active role in helping Puerto Rico with its worsening fiscal situation by engaging Congress over pending Chapter 9 bankruptcy legislation.

The Bond Buyer and Interactive Data Corp. have introduced Puerto Rico Drilldown, an interactive tool to help bond investors sort and analyze their holdings as the commonwealth heads for the biggest debt restructuring in municipal history.

Puerto Rico Gov. Alejandro García Padilla explains why he is asking for concessions from Puerto Rico’s creditors.