Puerto Rico

Only one of 14 legacy generation facilities were operating normally at the end of January, suggesting less recovery for bondholders.

There is no timetable for rulings in bankruptcy case or appeal of lien rulings, which could lead to months of additional work on a new payment plan.

Bond parties want several creditor classes' votes in favor of the plan of adjustment to be disqualified.

The separate settlements some bond parties have reached with the Oversight Board "dramatically violate" the trust agreement, the trustee's attorney said.

The Oversight Board approved the restructuring of PREPA power supplier AES's municipal bonds as arguments begin in the plan of adjustment hearing.

The goverment must address expected fiscal challenges or bond payments after 2031 are in jeopardy.

Extreme weather could aggravate growing property insurance pressures on governments.

U.S. District Judge Laura Taylor Swain said she would consider the motion during a scheduled May 22 bankruptcy hearing.

David Brownstein, who helped Jefferson County, Alabama, and Detroit return to market after bankruptcy, has opened a new firm that is advising the Oversight Board on its plan of adjustment for PREPA.

If the appeals court overrules parts of her decision, Judge Swain said she is "capable of adapting and reacting appropriately."