Puerto Rico

Retail investors have felt confident in the muni bond space for most of 2019.

Three Puerto Rico-based economists offer alternatives to the board's plans. Part IV of a five-part series.

A poverty level three times the national average leaves Puerto Rico especially vulnerable if service cuts and tax increases go too far. Part III of a five-part series.

Economists point to past successes and failures as Puerto Rico's Oversight Board focuses on conservative approaches. Part II of a five-part series.

The Oversight Board is following a belt-tightening strategy that some economists warn may squelch economic growth, putting bonds back into restructuring. Part I of a five-part series.

Puerto Rico, with more than $70 billion of bonds at stake, has become a testing ground of austerity for an economy in decline.

The index gained 0.4% year-over-year in October.

Swain insists that holders of 2012 and 2014 bonds, which have been challenged as illegal, be given litigation notice.

The Nov. 22 notice opened a 30 day window for the issuer to make a case that $877.9 million of bonds not be stripped of their tax-advantaged status.

Fitch raised PRASA bonds to CC from C even amid indications that the utility is discussing restructuring its debt.