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Debt Restructuring News

Debt Restructuring


The Board, for its part, presents a stipulation to resolve the GO-Cofina controversy
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE:OFG) today announced its Board of Directors declared a regular quarterly cash ...
Aware of this activity, the senator moved forward to vote for the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) ...
Last week, Puerto Rico took another step in its long, mostly futile attempt to stabilize its economy and budget when it filed for a modified version...
The Governor will introduce his proposal tomorrow at the House of Representatives, as part of his speech on the Island’s situation
The scale of Puerto Rico's debt is also unusual: it has about $123 billion in debt and pension obligations. For comparison, Detroit had $18...
Creditors appeal Swain´s decision to participate in dispute against the PRHTA
Three insurers of Puerto Rican bonds on Monday called for coordinated court proceedings involving a dispute over the U.S. commonwealth's toll .....
Nobel economy laureate warns that the fiscal proposal will worsen the crisis
O) said it was "aggressively pursuing" loss mitigation strategies in debt-laden Puerto Rico. Ambac's plan announced in its quarterly...
Toa Baja, a mid-sized city in Puerto Rico, shut down last Monday after failing to pay municipal employees for several weeks. All public services have...
The Commonwealth of Puerto Rico (a/k/a Government of Puerto Rico) filed a Title III Petition with the U.S. District Court in the District of Puerto...
The knockout blow landed when 1 million customers initially lost power in Puerto Rico after Hurricane Irma -- and Maria virtually knocked all...
One of the fundamental pillars of the island’s economic recovery is a stable and reliable electrical system
The institution pledges tuition income to pay for its obligations