Puerto Rico

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.

Groups ranging from doctors to truckers to mayors have voiced opposition to a proposed shift from a 7% sales tax to a 16% value added tax, part of an overhaul that would also slash income taxes and eliminate a corporate receipts tax paid by large companies.

The Puerto Rico Aqueduct and Sewer Authority has extended Bond Anticipation Notes due with two banks by two months.

The Puerto Rico legislature is considering amendments to Puerto Rico's planned oil tax bond to make it more attractive to investors.

The Puerto Rico Electric Power Authority, the public corporation that missed a deadline Monday to announce a restructuring plan, had a mixed first half of its fiscal year.

The demise of Doral Bank in Puerto Rico may lead to a default on more than $34 million in municipal bonds and notes.

Circumstances have changed and a different approach to Puerto Rico debt is warranted.

The Puerto Rico Electric Power Authority announced that it will miss Monday's deadline to present a restructuring plan.

Doral Financial Corp. has vowed to appeal a court decision in favor of Puerto Rico concerning $229 million in taxes.