Puerto Rico

The Puerto Rico Aqueduct and Sewer Authority plans in March to sell a bond to repay $200 million due at the end of that month and meet up to 18 months of capital expenses.

Standard & Poor's has downgraded Puerto Rico's General Obligation rating to B from BB.

Puerto Rico Gov. Alejandro García Padilla proposed a tax overhaul intended to reduce tax evasion and promote economic growth as the commonwealth looks to repair its finances and junk-rated credit.

Puerto Rico’s legislature has voted to remove the limits on the discount for the planned oil tax bond.

Bond insurers Assured Guaranty and MBIA may be among the beneficiaries after a federal judge ruled Puerto Rico's Recovery Act was unconstitutional, according to analysts at BTIG LLC.

A federal court rejection of Puerto Rico's public corporation bankruptcy law has heightened uncertainty about the future of Puerto Rico debt.

The Government Development Bank for Puerto Rico has hired Todd Hagerman as head of investor relations.

Puerto Rico's government spending is meeting budgetary projections, the director of the Commonwealth's budget office said Thursday.

Standard & Poor's Ratings Services said it affirmed its BB long-term rating and underlying rating on the University of Puerto Rico's existing university system revenue bonds, some of which were issued by the Puerto Rico Industrial, Tourist, Educational, Medical, & Environmental Control Facilities Financing Authority, and removed the ratings from CreditWatch with negative implications.

The Puerto Rico Aqueduct and Sewer Authority posted better than expected financial results for the second half of the fiscal year.