PROMESA

The Puerto Rico Electric Power Authority said Monday it is seeking approval from the Oversight Board for its deal with its creditors that was reached outside the court supervised restructuring that's underway for other issuers in the territory.

The Oversight Board certified a Title III filing for the Puerto Rico Sales Tax Financing Corp., affirming that its $17.9 billion of revenue bonds will be subject to court supervised restructuring along with other territorial debt.

Puerto Rico Gov. Ricardo Rosselló and his financial advisors are insisting that the Title III judge cannot review the amount of debt that Puerto Rico will pay in the next ten years.

Judge Laura Swain of New York was chosen to oversee Puerto Rico's Title III restructuring process.

Bond insurers Assured Guaranty, Assured Guaranty Municipal and National Public Finance Guarantee filed a challenge to Puerto Rico’s certified fiscal plan.

The Oversight Board filed the petition with U.S. District Court in Puerto Rico.

Puerto Rico Gov. Ricardo Rosselló said Wednesday morning that the start of a Title III bankruptcy process for Puerto Rico was imminent.

Legislators and others urged Puerto Rico to pursue a court-organized debt restructuring.

Puerto Rico’s fiscal and debt crisis moved into a new phase marked by riots, active lawsuits, and biting political attacks.

With a 4:45 p.m. Monday deadline past, there was no announcement from the Oversight Board on use of Title III in the debt reorganization.

The Puerto Rico Oversight Board approved a plan cutting PRASA, PREPA, PRHTA, and GDB debt payments.

A group of Puerto Rico bondholders are seeking Senate help with perceived oversight board failures.

A member of Puerto Rico’s federal oversight board will give an update on the distressed island’s efforts to combat mounting debt during the May 3 Philadelphia Area Municipal Analysts Society meeting.

Puerto Rico unions are demonstrating and striking against austerity measures originating with the Puerto Rico Oversight Board.

Puerto Rico's oversight board said concerns about its adherence to PROMESA are unwarranted.

Puerto Rico’s Oversight Board plans to discuss the 10 year fiscal plans of several Puerto Rico authorities at a public meeting on Friday.

Puerto Rico’s main opposition party voted to boycott a status plebiscite planned for June 11.

Puerto Rico debt negotiations may be going nowhere with just six full days left before a court restructuring.

Puerto Rico got positive revenue and economic news for March.

A commission reviewing the legality of Puerto Rico’s debt is expected to resume its work, even though the governor signed a bill to terminate it.