Puerto Rico

Puerto Rico revenues in the first six months of the fiscal year were 2.1% ahead of expectations while spending in the first five months was 3.2% below expectations.

Puerto Rico general fund revenues jumped 26% in December from a year earlier. The increase was largely anticipated and beat budget projections by just 0.1%.

The Puerto Rico government is taking steps to shift up to $2.8 billion in public deposits from private banks to the government's bank, the Government Development Bank of Puerto Rico.

Municipal bond analysts are generally positive about Puerto Rico Gov. Alejandro García Padilla's first year in office, though they voice concern about the economy and access to the bond market.

The Puerto Rico government plans to sell long-term bonds by the end of February, government officials said Thursday.

Puerto Rico's population shrank by 1% in the year ending July 1, continuing a trend cited as a credit negative.

Puerto Rico's economic activity index was up for the third consecutive month in November.

The Puerto Rico Government Development Bank has sold $110 million in notes to a public corporation in a step to increase its liquidity.

Puerto Rican teachers' unions are preparing to go on strike to protest the reform of their retirement system signed by Gov. Alejandro García Padilla.

Puerto Rico is poised to adopt an overhaul of the teachers' pension system as the government defends the commonwealth's investment grade rating.