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Debt Restructuring News

Debt Restructuring


The Puerto Rico Electric Power Authority (PREPA) was the first, and so far the only, government agency in Puerto Rico to negotiate a debt...
On May 3, 2017, in an unprecedented move, the Fiscal Oversight Board requested for bankruptcy-like protection under Title III of the PROMESA Act. The...
After the May 1st deadline, Puerto Rico is facing a historical moment. A lot has been said about the events that were going to unfold after the end...
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
On May 1, 2017 a stay over debt service payments established by the PROMESA Act, which essentially stops creditors’ lawsuits for debt defaults...
Puerto Rico benchmark GO debt price drops to record low ... Puerto Rico's bankruptcy dwarfs the prior record of $18 billion in 2013 that was...
The fiscal plan introduced by Governor Ricardo Rosselló is based on a series of projections that provide more questions than answers
Puerto Rico teetered into insolvency Wednesday as the chronically troubled U.S. territory of 3.4 million citizens buckled under its ever-increasing...
Puerto Ricans in early 2016 were suffering power outages at rates four to five times higher than average U.S. customers, said the report from the ...
Member of the Congress who promoted the approval of PROMESA strikes against the Board
Mark Palmer, BTIG analyst, comments on Puerto Rico's debt negotiations. He speaks with Bloomberg's Oliver Renick, Julie Hyman and Abigail...
Despite the ongoing economic issues in Puerto Rico, the domestic property/casualty (P/C) insurers have managed to generate operating profits over ...
Puerto Rico said it may run out of cash by February if it’s forced to cover bond payments, underscoring the pressure that’s causing the island to...
Puerto Rico's leaders who put the island into a form of bankruptcy on Wednesday have gained access to a powerful tool that has helped a handful...