Puerto Rico

Fitch Ratings downgraded the Puerto Rico Electric Power Authority’s power revenue bonds to BB from BB-plus on Wednesday afternoon.

Puerto Rico's May revenues provided the commonwealth scant progress toward closing its revenue shortfall for the fiscal year.

Puerto Rico's government has reached a deal with unions representing 92% of its unionized workers.

Puerto Rico is taking steps to increase federal grants to the commonwealth with a new Federal Funds Management Office.

Doral Financial Corp. has sued the Puerto Rican government for more than $229 million.

Puerto Rico's April economic measures were mixed, with its economic activity index down but its unemployment rate also down.

Puerto Rico Gov. Alejandro García Padilla signed a bill Tuesday setting new rules for Puerto Rico's electricity sector.

The Puerto Rico Electric Power Authority's financial performance is missing targets, according to its recently posted figures through March.

Some large Puerto Rico government unions are threatening to strike if they cannot make changes to the governor's recent budget proposals.

Puerto Rico's banks are in difficult straits, analysts from Standard & Poor's and Fitch Ratings said Tuesday.