PROMESA

The Puerto Rico Oversight Board and local government are being allowed to file additional replies concerning lift stay motions.

The Puerto Rico government attributes the decline to the COVID-19 virus and the governor's resulting lockdown order.

The pandemic will damage the territory's ability to make debt payments it had previously expected to fund through fiscal 2025, according to a new fiscal plan.

The court filings could directly impact about $6 billion of bonds and $15 billion more indirectly.

Swain says the challenge would be considered in two stages.

Analyst says the shortfall is another problem for the island's economy.

The ruling on the funding of municipal pensions and healthcare will pose a challenge to municipal government finances.

The appellate ruling that residents should be eligible for the Social Security Administration program has the potential to help Puerto Rico's economy.

The Puerto Rico Oversight Board had asked for the postponement, citing the impact of COVID-19 and its possible financial impact on PREPA.

The Oversight Board has asked for delays concerning non-central government bonds.

The longtime muni banker and former Treasury official adds serious muscle to the Fed's municipal securities expertise.

The Unsecured Creditors Committee responded to the Oversight Board chairman's statements that the board may change central government bond restructuring terms.

The funds will be in addition to the $160 million from the Emergency Reserve Fund that the board released March 12.

Judges said the district court judge was reasonable in her treatment of the case differently from that of a corporate bankruptcy.

Puerto Rico Gov. Wanda Vázquez Garced issued an order for all residents except a few classes of essential employees to remain at home.

Puerto Rico-based creditors took steps Tuesday to oppose the two biggest proposed restructurings of the commonwealth's bonds.

The money is for post-Maria reconstruction costs.

Although not perfect, this is the type of deal that members of Congress envisioned when authoring PROMESA.

The governor tells the judge it makes no sense to commence a process aimed at approving the plan without her support.

Elí Díaz Atienza will leave his posts as PRASA executive director and liaison to the oversight board later this month.