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The Oversight Board questioned the legality of an announced rate cut by the power authority, while insurers sought permission to name a receiver.
October 5 -
Puerto Rico entities paid millions for rejected proposals, lost $1.1 billion on risky interest rate bets.
October 4IEEFA -
If the unsecured creditors prevail in challenging the negotiated deal, the consensual restructuring of $4.1 billion may be thrown out.
October 2 -
Its estimates are more pessimistic than the Oversight Board’s projections of island gross domestic product.
September 27 -
Island residents would recover up to 50% of the value of their losses.
September 18 -
The committee is holding a public hearing on its report on the causes of the debt crisis on Sept. 18 in San Juan.
September 14 -
The Unsecured Creditors Committee continued an effort to change the deal in a hearing on Thursday.
September 13 -
They are also trying to take over representation of the Puerto Rico authorities in Government Development Bank debt restructuring.
September 12 -
The cut marks the first major retreat for OppenheimerFunds, one of the biggest mutual-fund owners of Puerto Rico debt and a company that’s playing a major role in its bankruptcy.
September 12 -
The unsecured creditors say that the deal treats the island’s government authorities in Title III bankruptcy unfairly.
September 10