Puerto Rico

Puerto Rico's House of Representatives is expected to vote on cuts to worker pay on Friday while some government workers are striking in protest.

Following Fitch Rating's downgrade of the Puerto Rico Electric Power Authority's ratings to BB and placement on Negative Watch, Fitch has placed the following ratings for AES Puerto Rico L.P. on Rating Watch Negative.

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.