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Debt Restructuring News

Debt Restructuring


The Bank of New York Mellon Corporation (NYSE:BK) said that, a Puerto Rico creditor is taking legal action against bond trustee Bank of New York ...
Projections place recurring operational deficits for the institution if it fails to renegotiate its debt
Puerto Rico's new government tapped law firm Dentons to help it develop a fiscal turnaround plan and lead restructuring negotiations with...
Puerto Rico fiscal officials delayed acceptance of measures in the island electric authority's $9 billion debt deal, spurring speculation that...
The losses for Puerto Rico's bondholders are coming into view. It is a brutal accounting. The total red ink for mutual funds that invested in...
The late filing of Promesa’s Title III opened the door for the most contentious investors to challenge Puerto Rico in the New York courts
Puerto Rico's creditors, including some hedge funds known as "vulture funds," are reluctant to settle debts in bankruptcy proceedings...
The knockout blow landed when 1 million customers initially lost power in Puerto Rico after Hurricane Irma -- and Maria virtually knocked all...
SAN JUAN — Puerto Rico's government and a group of general obligation bondholders are holding preliminary talks aimed at reaching a deal they ...
One of the fundamental pillars of the island’s economic recovery is a stable and reliable electrical system
There is far more at stake for the muni market than just fund exposure to Puerto Rico. Several double-tax-free state muni funds -- popular with...
After Puerto Rico declared a form of bankruptcy May 3, The New York Times used these words to describe the U.S. territory's fiscal woes: “...
The island of Puerto Rico has been in big trouble for some time now because of its leaders' fiscal irresponsibility and overspending. The result...
NEW YORK A congressional subcommittee on Tuesday urged Puerto Rico Governor Ricardo Rossello to finalize an $8.9 billion debt restructuring at ...
The Coalition asks that the Board, the Legislature and the Governor have a meeting in order to standardize the solutions for the fiscal problems in...