News

News

U.S. court’s Puerto Rico bond ruling prompts Fitch ratings warning for other issuers (Reuters, 4/11/19)

Fitch Places Seven USPF Special Revenue Ratings on Negative Watch Pending Court Decision (Fitch Ratings, 4/11/19)

Puerto Rico utility nears deal on $9 billion restructuring (The Wall Street Journal, 4/10/19)

Puerto Rico fiscal board again requests audited statements (Caribbean Business, 4/10/19)

Congress will probably leave town without voting on a disaster bill (Roll Call, 4/9/19)

Puerto Rico oversight board may seek money back from bondholders (Reuters, 4/3/19)

Proposed claw back of fees for Puerto Rico GOs could backfire (The Bond Buyer, 4/3/19)

Nutritional Assistance stalls in the Senate (El Nuevo Dia, 4/2/19)

Senate Democrats block disaster aid measure (Caribbean Business, 4/1/19)

Court ruling in Puerto Rico bankruptcy fans revenue bond fears (Reuters, 3/28/19)

CDBG-DR funds: Puerto Rico asks for permanent regulations (El Nuevo Dia, 3/27/19)

Report says Puerto Rico has moderate level of economic freedom (Caribbean Business, 3/25/19)

FOMB Letter – Audits Timeline (Financial Oversight & Management Board for Puerto Rico, 3/23/19)

Grijalva perceives Puerto Ricans favor statehood (El Nuevo Dia, 3/23/19)

Puerto Rico private sector jobs higher than before 2017 hurricanes (Caribbean Business, 3/22/19)

Current Status of Puerto Rico Debt Restructuring (MunicipalBonds.com, 3/20/19)

Raúl Grijalva sets his priorities (El Nuevo Dia, 3/19/19)

Puerto Rico oversight board rejects government’s proposed fiscal plan (Caribbean Business, 3/18/19)

Upcoming Event: AFGI Puerto Rico Bankruptcy Risk Summit (Event Taking Place on April 9, 2019)

Congressional delegation to examine Puerto Rico disaster recovery, Promesa austerity measures (Caribbean Business, 3/14/19)

Puerto Rico’s new draft fiscal plan banks on reforms, federal recovery funding (Caribbean Business, 3/13/19)

Rosselló to propose amendments to Promesa (El Nuevo Dia, 3/10/19)

Puerto Rico aid among issues complicating disaster bill talks (Roll Call, 3/8/19)

Puerto Rico gov implores U.S. Senate to pass supplemental appropriations bill (Caribbean Business, 3/7/19)

Puerto Rico Electric Power Authority Under Risk of Receivership (Caribbean Business, 3/7/19)

Legal fees in Puerto Rico bankruptcy drop (Caribbean Business, 3/7/19)

Sanders and Velázquez filed bill to end unequal treatment (El Nuevo Dia, 3/7/19)

U.S. Senate can be open to amend PROMESA (El Nuevo Dia, 2/27/19)

Fiscal board invalidates several Puerto Rico spending bills (Caribbean Business, 2/27/19)

US territorial governors call Congress to help with disaster, fiscal recovery (Pacific Daily News, 2/27/19)

Puerto Rico governor challenges U.S. Senate to cut red tape (Caribbean Business, 2/27/19)

Rosselló requests Trump meeting to discuss reconstruction (El Nuevo Dia, 2/26/19)

Studies peg cost of Jones Act on Puerto Rico at $1.5 billion (Caribbean Business, 2/21/19)

Court decision may lead to friendlier Puerto Rico Oversight Board (The Bond Buyer, 2/19/19)

Puerto Rico congresswoman’s renewable energy proposal introduced in U.S. Senate (Caribbean Business, 2/19/19)

Court gives Trump, Senate 90 days to validate Puerto Rico fiscal board (Caribbean Business, 2/15/19)

Puerto Rico fiscal board goes to court to obtain Senate financial data (Caribbean Business, 2/14/19)

Puerto Rico fiscal board’s revitalization coordinator resigns (Caribbean Business, 2/13/19)

Jenniffer González supports the appointment of a federal reconstruction coordinator (El Nuevo Dia, 2/12/19)

New sales tax bonds issued under latest Puerto Rico debt restructuring (Reuters, 2/12/19)

Puerto Rico gov follows up on request for $600 million in nutrition assistance aid (Caribbean Business, 2/11/19)

Puerto Rico gov’t disagrees with resident commissioner proposal for U.S. recovery czar for the island (Caribbean Business, 2/8/19)

Cofina deal enshrined, even if Puerto Rico fiscal board declared null (Caribbean Business, 2/7/19)

Why SSI is not available to Puerto Rico? (El Nuevo Dia, 2/6/19)

Judge Swain approves Cofina plan of adjustment (Caribbean Business, 2/4/19)

Prepa to Submit Integrated Resource Plan Feb. 12 (Caribbean Business, 1/31/19)

U.S. Appeals Court reverses ruling on Puerto Rico pension bonds (Reuters, 1/30/19)

Appeals court rules in favor of Puerto Rico ERS bondholders (The Bond Buyer, 1/31/19)

Oversight Board Delineates Fiscal 2020 Budget Process; Issues Revenue Forecasts (Caribbean Business, 1/30/19)

Economic Activity Index up 21.5% in Nov. 2018 vs. same year-ago month (News Is My Business, 1/24/19)

Public power versus privatized power: The debate in P.R. before and after María (News Is My Business, 1/24/19)

Puerto Rico Picks Bidders for Ailing Power Utility (The Wall Street Journal, 1/20/19)

Velázquez revives bill targeting conflicts of interest (El Nuevo Dia, 1/19/19)

Puerto Rico’s $18 Billion Bond Restructuring Nears Completion (The Wall Street Journal, 1/19/19)

Certain utilities selected to vie for T&D in Puerto Rico considered high risk (Caribbean Business, 1/18/19)

Unsecured Creditors inform court of extension to object procedures involving annulment of $6 billion of Puerto Rico debt (Caribbean Business, 1/17/19)

All COFINA classes vote in favor of deal (The Bond Buyer, 1/9/19)

FOMB Letter citing continued delays in the submission of audited financial statements by the Government of Puerto Rico (Financial Oversight and Management Board for Puerto Rico, 1/9/19)

Jenniffer González plans to introduce a new pro-statehood bill (El Nuevo Dia, 1/8/19)

Carmelo Ríos and “Tatito” Hernández promote their proposal in Congress (El Nuevo Dia, 1/6/19)

Congress renews pressure for new allocations (El Nuevo Dia, 1/4/19)

Puerto Rico’s resistance may slow Oversight Board, restructuring (The Bond Buyer, 1/3/19)

Transparency of Puerto Rico bankruptcy is the aim of a new bill (The New York Times, 12/19/18)

A bill to avoid conflicts of interest in debt restructuring (El Nuevo Dia, 12/17/18)

Efforts to avoid Puerto Rico’s health care crisis (El Nuevo Dia, 12/16/18)

Puerto Rico gov meets with Trump officials, members of Congress (Caribbean Business, 12/13/18)

Puerto Rico recovery office chief: Federal red tape delaying over 3,000 reconstruction projects (Caribbean Business, 12/13/18)

PREPA’s moves to rebuild its system seen as positive (The Bond Buyer, 12/12/18)

Why the Puerto Rico Oversight Board may be overturned (The Bond Buyer, 12/6/18)

Puerto Rico gov says he didn’t defy fiscal board by paying the Christmas bonus (Caribbean Business, 12/5/18)

Utier challenges Promesa in Boston (El Nuevo Dia, 12/3/18)

Final and firm agreement on GDB (El Nuevo Dia, 11/30/18)

Puerto Rico Treasury: October revenue is highest for month in 5 years (Caribbean Business, 11/28/18)

Fiscal board certifies amended Cofina adjustment plan (Caribbean Business, 11/28/18)

U.S. House leaders call for Puerto Rico status plebiscite (The Bond Buyer, 11/27/18)

Rosselló and González ask Congress for more funds (El Nuevo Dia, 11/26/18)

Puerto Rico Oversight Board turns focus to another $9.2B of debt (The Bond Buyer, 11/14/18)

Puerto Rico fiscal board urges Congress to consider PRIMA bill (Caribbean Business, 11/14/18)

Puerto Rico Legislature passes tax reform despite fiscal board objections (Caribbean Business, 11/13/18)

COFINA deal approval advances PROMESA goals (The Bond Buyer, 11/12/18)

Puerto Rico bank gets court blessing to restructure debt (The Bond Buyer, 11/7/18)

COFINA deal takes step forward with proposed settlement (The Bond Buyer, 11/6/18)

Puerto Rico Energy Bureau to Investigate Institute’s Claims (Caribbean Business, 10/31/18)

Changes to Tax System Has to Balance at a Fiscal Level (El Nuevo Dia, 10/31/18)

Puerto Rico Oversight Board Voices Concerns Over Tax Reform (The Bond Buyer, 10/30/18)

Natalie Jaresko warns “political will” is needed (El Nuevo Dia, 10/23/18)

Puerto Rico’s Revised Fiscal Plan Approved Over Government Opposition (Reuters, 10/23/18)

Puerto Rico Fiscal Plan Predicts Surplus if Reforms are Carried Out (Caribbean Business, 10/22/18)

New Puerto Rico Fiscal Plan Reflects Updated Data (Bond Buyer, 10/22/18)

Puerto Rico Bonds Soar, Pointing to Hope for Restructuring (Wall Street Journal, 10/22/18)

Puerto Rico Treasury: September’s Net General Fund Revenue is Record for the Month (Caribbean Business, 10/22/18)

Prepa’s Restructuring Accord Lacks Meaningful Reforms (Caribbean Business, 10/19/18)

Puerto Rico Unemployment Declines to Lowest Rate in at Least 76 Years (Bond Buyer, 10/19/18)

Puerto Rico governor introduces bill for COFINA restructuring (Bond Buyer, 10/11/18)

Assured Guaranty Renews Motion to Lift Automatic Stay and Commence an Action Against PREPA for the Appointment of a Receiver (10/4/18)

Puerto Rico Treasury: August Revenue Was Highest Since 2005 For The Month (Caribbean Business, 9/28/18)

Report: Puerto Rico needs regulatory structures to provide clean, affordable electricity (Caribbean Business, 9/28/18)

Puerto Rico’s Fiscal Plans Are Not Helping It Improve (Forbes, 9/24/18)

Puerto Rico Bond Restructuring Approved in Initial Vote Tally (U.S. News & World Report, 9/13/18)

Court of Appeals remands request for Puerto Rico power utility receivership to District Court (Caribbean Business, 8/9/18)

Assured Guaranty Joins Agreement Between Senior and Subordinate COFINA Bondholders (8/9/2018)

Assured Guaranty Files Lawsuit Challenging Constitutionality of Board Appointments to Puerto Rico’s Financial Oversight and Management Board (7/23/18)

Uncertainty about financial statements; KPMG External auditor issues mixed opinion since he could not verify the accuracy of the financial information provided by the government (El Nuevo Dia, 7/5/18)

Puerto Rico bondholders offer debt deal, snubbed by oversight board (Reuters, 5/14/18)

US releases Puerto Rico debt crisis report, offers solutions (AP, 5/9/18)

Billing for Professional Services in Puerto Rico’s Bankruptcy Cases Reaches $135 Million (Centro De Periodismo Investigative, 4/3/18)

Puerto Rico Bonds Soar as Island Forecasts Swifter Recovery (Bloomberg, 3/26/18)

Puerto Rico board must bring creditors to table: U.S. lawmaker (Reuters, 3/29/18)

Puerto Rico Board Scolded by Lawmaker, Defied by Governor (Bloomberg, 3/29/18)

Opinion, Arthur Laffer: Puerto Rico’s ‘shortsighted’ fiscal plan totally ‘misses the mark’ (CNBC, 3/2/18)

Opinion, A. W. Maldonado: Should Puerto Rico pay its debt? (Caribbean Business, 2/20/18)

A Political and Constitutional Analysis of Puerto Rican Debt Crisis (Forbes, 11/6/18)

Puerto Rico offers fiscal plan settling debt for pennies on the dollar (The Washington Post, 1/25/18)

In bleak forecast, Puerto Rico sees no debt payment ability until 2022 (Reuters, 1/24/18)

Who owns Puerto Rico’s mountain of debt? You do (CNN, 10/9/18)

Why you can’t ignore Puerto Rico’s bankruptcy (USA Today, 5/4/17)

Puerto Rico to pay $1.4 million in general obligation debt (Reuters, 2/9/17)

Congress Shouldn’t Provide A ‘Super Chapter 9’ Escape for Puerto Rico (Forbes, 11/6/15)