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The board said the projects will result in up to $387 million of savings over a 15-year period.
March 25 -
Some critics say relying on federal aid may obscure the underlying problems Puerto Rico faces in the longer term as it emerges from bankruptcy.
March 25 -
Any new debt deal already would require rate increases to cover debt service on the authority’s roughly $9 billion of debt.
March 23 -
Assured Guaranty Municipal Corp. and Assured Guaranty Corp. both resolved their exposure to its insured Puerto Rico debts leading to the upgrade to A1.
March 22 -
Swain said several mediators involved in the central government's plan of adjustment are unavailable for the PREPA deal. The Oversight Board says the local legislature will not be included in the negotiations.
March 18 -
The Investment Company Institute on Wednesday reported $2.258 billion of outflows in the week ending March 9, down from $3.502 billion of outflows in the previous week.
March 16 -
A status report on the PREPA deal is due by noon on Friday.
March 16 -
Puerto Rico completed the exchange of more than $33 billion of existing bonds and other claims into $7 billion of new bonds plus cash and CVIs on Tuesday.
March 15 -
Restructured muni debt has "typically outperformed the broader muni market, as issuers emerge from bankruptcy with higher debt-servicing capacity and the debt re-enters the municipal high-yield index," noted PIMCO.
March 14 -
The ruling means the restructuring set for Tuesday will proceed.
March 11