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Debt Restructuring News

Debt Restructuring


Members of the Fiscal Oversight Board are divided over the future of the PREPA while politicians in Washington and business people push for and...
OLDWICK, N.J.--(BUSINESS WIRE)--Despite the ongoing economic issues in Puerto Rico, the domestic property/casualty (P/C) insurers have ...
Democrats in Congress and labor unions make calls for an audit and to restructure the public debt of Puerto Rico
Mark Palmer, BTIG analyst, comments on Puerto Rico's debt negotiations. He speaks with Bloomberg's Oliver Renick, Julie Hyman and Abigail...
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 ...
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...
Member of the Congress who promoted the approval of PROMESA strikes against the Board
SAN JUAN – Puerto Rico's Government Development Bank (GDB) reached a debt-restructuring agreement with a “significant group” of creditors, the...
The president of the US trade union AFCSME, Lee Saunders, maintains that “to place the burden on the backs of workers is wrong”
Lawyers for Puerto Rico's government are drafting a forbearance agreement that could allow the U.S. territory to avoid invoking bankruptcy...
Constitutional and COFINA bondholders rekindle their bid in court
About the PREPA issue, the governor indicated that it will continue with its normal operation
SAN JUAN, P.R. — Puerto Rico's first day in federal court to reduce its $123 billion in bond debt and unfunded pensions got off to a cordial...
Puerto Rico Gov. Ricardo Rosselló and his financial advisors are insisting that the Title III judge cannot review the amount of debt that Puerto Rico...
They claim that neither PREPA nor FAFAA have submitted any amendments to the preliminary agreement