Puerto Rico

Puerto Rico reported that the liquidity position of the Government Development Bank of Puerto Rico improved $105 million in January but General Fund revenues came in $19 million short in the same month.

S&P's multiple notch downgrades of several Puerto Rico bonds to B will have little impact on Puerto Rico's efforts to rebuild its economy and credit, municipal analysts said.

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.