Puerto Rico

Puerto Rico's Government Development Bank said it hired an affiliate of Millstein & Co. as a financial adviser.

February net revenues in Puerto Rico's General Fund came in 8.5% above projections.

Puerto Rico Gov. García Padilla on Tuesday authorized Puerto Rico to sell up to $3.5 billion in general obligation bonds with possible New York court oversight.

The Puerto Rico legislature is debating the venue where bond disputes would be heard.

Rep. Dave Camp's tax reform proposal would provide some additional revenue stability to the beleaguered island, and the controversial discussion draft is welcomed by the commonwealth's representative in Congress and others working to advance the territory's interests.

Puerto Rico bond yields rallied Wednesday and Thursday, in a sign of hope for a successful bond sale next month.

The Puerto Rico Supreme Court today largely upheld the Puerto Rico government's December reform of the judicial pension system.

Northeast issuers sold $93.1 billion of municipal bonds in 2013, down 17.4% from 2012.

Puerto Rico plans to sell roughly $2.8 billion in tax-exempt general obligation bonds in March, in what would be the government's first bond sale since 2012.

Moody's Investors Service put three major Puerto Rico banks on downgrade review Tuesday evening.