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The Oversight Board is following a belt-tightening strategy that some economists warn may squelch economic growth, putting bonds back into restructuring. Part I of a five-part series.
December 23 -
Puerto Rico, with more than $70 billion of bonds at stake, has become a testing ground of austerity for an economy in decline.
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The index gained 0.4% year-over-year in October.
December 17 -
Swain insists that holders of 2012 and 2014 bonds, which have been challenged as illegal, be given litigation notice.
December 12 -
Fitch raised PRASA bonds to CC from C even amid indications that the utility is discussing restructuring its debt.
December 5 -
Bankruptcy mediator Barbara Houser recommends litigation over $22 billion in bonds should resume in January and February.
December 2 -
The board letter's is one of the first signs of friction with Gov. Wanda Vázquez, who took office in August.
November 26 -
Separately, the island's economic activity index fell on a year-over-over basis for the fourth straight month.
November 22 -
The motion is part of the bondholders' attack on a plan to give them 15 cents on the dollar.
November 21 -
San Juan's finances, given an F in the study of fiscal year 2017, became even worse in fiscal 2018.
November 18