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Seven people, including two former Puerto Rico government officials, were indicted Wednesday in two related corruption cases affecting more than $10 million.
June 21 -
A group of Puerto Rico bondholders accused the Oversight Board and governor of minimizing the commonwealth's health in a proposed budget that is too generous to non-debt holders.
June 21 -
Puerto Rico’s employment indicators were mixed in May compared to April and to May 2016.
June 20 -
A restructuring deal affecting $4.1 billion of Puerto Rico Government Development Bank debt has gained the support of over 50% of its bondholders.
June 19 -
Two Democrats urge Puerto Rico's oversight board to reject PREPA agreement over rate hike concerns.
June 16 -
Puerto Rico’s Oversight Board sent a letter to Puerto Rico’s leaders warning of a waning resolve to deal with a dire financial situation.
June 16 -
Rep. Rob Bishop, R-Utah, said Puerto Rico's oversight board is not following PROMESA with regard to the PREPA RSA.
June 15 -
The judge overseeing Puerto Rico’s Title III bankruptcy process named five judges to help mediate disputes over island government and sales tax bonds in the biggest municipal restructuring in U.S. history.
June 15 -
U.S. Sen. Tom Cotton, R-Ark., attacked the Puerto Rico Oversight Board’s plan to slash bondholder payments as illegal.
June 14 -
Puerto Rico fiscal officials delayed acceptance of measures in the island electric authority's $9 billion debt deal, spurring speculation that the agreement with creditors may be in jeopardy.
June 13 -
Puerto Rico’s voters overwhelmingly voted on Sunday for the island to become a state in a vote the opposition chose to boycott.
June 12 -
Even though it is quite convenient to view events in Puerto Rico through the prism of a one-off, it is true that the Commonwealth and its agencies, authorities, and localities have been and continue to be part of this municipal market that we work in and invest in every day.
June 12John Hallacy Consulting LLC -
Puerto Rico’s government and Oversight Board have declined to say what debt service bondholders should expect in the coming fiscal year despite repeated inquiries.
June 9 -
Puerto Rico will hold a plebiscite on its political status Sunday, even though the U.S. Justice Department hasn't approved the wording of the measure.
June 9 -
How the Puerto Rico’s Title III bankruptcy case judge handles the commonwealth’s highways bonds may threaten revenue bond bankruptcy precedent.
June 6 -
Assured Guaranty, National Public Finance Guarantee, and Financial Guaranty Insurance Co. challenged diversion of special revenue bond collateral that secures $4.1 billion of Puerto Rico Highways and Transportation Authority bonds.
June 5 -
Puerto Rico’s April economic activity index fell 2% in April from a year earlier, signaling continued weakness as the island government embarks on its record breaking municipal debt restructuring.
June 2 -
Puerto Rico's governor presented a fiscal 2018 budget that allots at least $2.04 billion for pensions and nothing for debt.
June 1 -
Puerto Rico Gov. Ricardo Rosselló proposed an austere fiscal year 2018 General Fund budget that he said cut operating expenses by 9.1%.
May 31 -
A federal judge ordered a freeze on Puerto Rico Sales Tax Financing Corp. (COFINA) debt payments Tuesday.
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