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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 1, 2017 a stay over debt service payments established by the PROMESA Act, which essentially stops creditors’ lawsuits for debt defaults...
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
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...
GOOD NEWS! Puerto Rico has officially gone bankrupt. Now, we don't mean that literally. There is no cause for celebration in the financial...
CHICAGO Benchmark Puerto Rico general obligation bonds rose on Monday, bolstered by promised stopgap federal healthcare spending that would ...
Puerto Rico's Governor Ricardo Rossello addresses the audience during a meeting of the Financial Oversight and Management Board for Puerto Rico...
Municipal debt analyst says that if the pact of the corporation fails, the public entity will not be able to access capital
Puerto Rico's government reversed its stance on a $30 billion debt dispute while hedge funds escalated the continuing legal fight between...
There are several conjectures over the causation of Puerto Rico's unsustainable indebtedness. One hypothesis is that a “bloating” government...
Puerto Rico's decision to head to court to reduce its debts promises to impose losses on hedge funds and others who bought the island's...
(Bloomberg) -- Puerto Rico bondholders rejected Governor Ricardo Rossello's debt-restructuring proposal days before a May 1 deadline to craft a...
There are individuals, insurance firms and universities in the group to which the government owes