Puerto Rico

HJ Sims Managing Director German Ramirez and Senior Vice President Richard Prann focus in on the latest developments in Puerto Rico. They talk about what’s been happening with PREPA, COFINA and the GDB -- and discuss implications this may have for bondholders. Chip Barnett hosts.

Puerto Rico's power authority won plaudits for attracting bids for its grid and scrapping a potentially costly gas plant.

The Oversight Board expressed skepticism as to whether the tax reform measures are consistent with the certified fiscal plan.

Judges at a hearing this week appeared sympathetic to arguments that the board's appointment was unconstitutional.

The board suggests it may sue the governor unless he starts following its requests.

The Oversight Board’s pessimistic assumptions add unnecessary confusion and complexity to achieving consensual negotiations with the island’s creditors.

As of mid-November Puerto Rico's government had an equivalent of 41% of its annual General Fund budget in its central Treasury account.

U.S. Senators privately urged board to privatize PREPA, a review of emails found.

Three of the four index components declined from September.

The transaction will restructure about $4 billion of Government Development Bank debt.