Puerto Rico

Puerto Rico chose Barclays and RBC Capital Markets to underwrite its bond sales in the rest of the year, after secondary market yields for its debt soared to double digits.

Massachusetts is investigating the sale of Puerto Rico bonds by three major financial firms.

The White House and the United States Treasury will introduce ideas to promote Puerto Rican economic growth in the next few months.

Puerto Rico's government revenues rose 18% in September from a year earlier and were up 4.4% in the first quarter of this fiscal year, the commonwealth's Treasury Department reported.

Moody's Investors Service downgraded the Puerto Rico Sales Tax Financing Corportation’s (COFINA) senior sales tax bonds to A2 from Aa3.

UBS AG is investigating the behavior of its financial advisors in Puerto Rico.

The federal government is closely monitoring the deteriorating fiscal health of Puerto Rico and is considering ways it might assist the struggling island, an effort complicated by political headwinds and the unique status of U.S. territories and their bonds.

Standard & Poor's changed the outlook on Puerto Rico's sales tax bonds to negative from stable.

Puerto Rico's economy continued its contraction in August, declining 0.4% from July and 5.4% from August 2012.

Bonds issued by the Commonwealth of Puerto Rico and related entities have experienced dramatic price swings since mid-August, amid shifting expectations about future supply and a growing media spotlight on the island's budget fundamentals.