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Net revenues came in 21.6% ahead of Puerto Rico Oversight Board projections in the first seven months of the fiscal year.
April 6 -
Assured Guaranty and National Public Finance Guarantee continue talks with the Puerto Rico Oversight Board.
April 1 -
At issue is at least $340 million, the cities claim they are not liable for. The suit could impact the viability of the proposed plan of adjustment, but sources say the suit is unlikely to succeed.
March 15 -
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 -
FAFAA head says that Puerto Rico is gaining "credibility" with investors.
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 -
The deal continues to offer better recoveries for the guaranteed Public Building Authority debt than for general obligation debt, but trading of the GOs blew up with more than $180 million exchanging hands to higher prices.
February 23