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The 'pension' bondholders have reached a preliminary deal with the Puerto Rico Oversight Board.
March 10 -
The plan and disclosure statement indicates only some of the terms for the HTA, CCDA, and PRIFA rum tax bonds.
March 9 -
Possible withdrawal of bond insurer support and the opposition of the local government to pension cuts are the biggest hurdles to the plan.
March 5 -
An appeals court ruled that PRIFA and HTA issuers do not have to pay debt service during the Puerto Rico bankruptcy.
March 4 -
Even though the report has been publicly available for more than two years, the Oversight Board is still asked the perennial question: Why didn't we audit the debt? We did.
March 4Financial Oversight and Management Board for Puerto Rico -
The First Circuit said Puerto Rico credit unions did not take appropriate timely steps to challenge the bond restructuring.
March 3 -
President Biden has gone on record favoring statehood, unlike his predecessor who slow-walked federal aid to the territory in the wake of Hurricanes Maria and Irma.
March 2 -
FAFAA head says that Puerto Rico is gaining "credibility" with investors.
March 1 -
A federal appellate court in April 2020 struck down a federal law denying residents of the island eligibility for the Social Security Supplemental Income program for the severely disabled.
March 1 -
An outside consultant provided recommendations on how the commonwealth can catch up on its long-delayed financial reporting, including a multi-year CAFR.
February 26