Puerto Rico

Assured Guaranty and two other bond insurers recently petitioned the Supreme Court to review an appellate court ruling involving the Puerto Rico Highways and Transportation Authority’s special revenue bonds.

A proposal for a rate increase to back a bond got a hostile reception.

Gov. Wanda Vázquez García's support for pension cuts that had been opposed by her predecessor is seen as "a strong positive" for the debt restructuring.

The Puerto Rico Oversight Board filed a proposed plan of adjustment Friday that would reduce the commonwealth’s debt obligations by 60% and establish a roadmap to exit bankruptcy.

With a meeting on the restructuring set, bondholders were girding for battle over the board's plan to nullify portions of the debt.

Moody's action followed Fitch putting the authority on ratings watch negative on Friday.

Managing Director, Miller Buckfire & Co.

The household employment survey showed good economic news, while other measures were mixed.

The islands' representative to Congress called for the local government to declare an emergency, possibly affecting $633 million of WAPA debt.

Amending the law that established an oversight board for restructuring Puerto Rico’s debt looks like a tall order.