Puerto Rico

Puerto Rico public corporation unions fought against PROMESA and local laws in an appeals court Monday.

The Puerto Rico oversight board warned that without restructuring, PREPA faces about $4.5 billion of legacy debt service obligations in the next five years.

“I absolutely do intend on refilling my complaint,” Andrew Hennigan told The Bond Buyer.

Casino tax legislation is “credit positive” for the city, Moody's said; Fitch downgraded ratings for Chicago water, sewer and school district revenue bonds.

The United States Bureau of Labor Statistics' household and employer surveys tell different tales about the depth of Puerto Rico's downturn.

Highways and Transportation Authority collections are also behind expectations.

Puerto Rico faces an uphill battle for recovery — what should happen and what will happen in the coming years for the island is in one word: uncertain.

The Puerto Rico Oversight Board has saluted the privatization deal.

The Oversight Board welcomed the decisions and one litigant attorney said they would be appealed.

Some participants are afraid that tweaking what they don't like in the law could only make it worse.