Puerto Rico

A forbearing bondholder of the Puerto Rico Electric Power Authority is hopeful about PREPA’s future and is prepared to lend it more money.

Puerto Rico Gov. Alejandro García Padilla said he was opposed to amending the Puerto Rico constitution to allow restructuring of its debt.

There are increasing reports of government officials discussing debt restructuring in Puerto Rico.

Some local governments may require extraordinary financial assistance from the Commonwealth, adding to pressure on its general obligations.

RBC Capital Markets purchased a $246 million bond anticipation note from Puerto Rico Monday, supported by a recently passed oil tax increase.

Puerto Rico’s employment situation is getting worse or significantly better, depending on which U.S. Bureau of Labor Statistics survey one believes.

Three members of the Puerto Rico House of Representatives plan to propose legislation to open the door to restructuring the commonwealth's debt

The Tax Reform Act for Puerto Rico presented by Governor Alejandro Garcia Padilla is the significant change Puerto Rico needs to stimulate the commonwealth's economic development and confront the Island's fiscal challenges.

Puerto Rico reported that the Government Development Bank for Puerto Rico’s liquidity position improved $33 million in February but its General Fund revenues came in $6 million short.

Puerto Rico's House of Representatives Tuesday passed amendments to legislation authorizing $2.95 billion in oil tax-supported bonds, opening the way to the bonds' sale in the next few weeks.