All posts tagged "debt"

• 
  Gov. Vázquez signs measure that restricts future debt issuance

  SAN JUAN – Gov. Wanda Vázquez Garced signed Senate Bill 1447, a measure that establishes the Debt Issuance Liability Act, imposing restrictions on the issuance of future debt. On Wednesday, the Bond Buyer reported that Vázquez said...

  • Posted August 13, 2020
• 
  Puerto Rico Gov Rejects Deal that Would Reduce $35 billion in debt by 70%

  Fiscal Board, Bondholders: Would Reduce $35 billion in debt by 70%; Shortens Repayment Period to 20 Years

  • Posted February 10, 2020
• 
  Gov says Puerto Rico must seek a balance to ‘get out of debt’

  Assures plan of adjustment can be voted on

  • Posted October 1, 2019
• 
  U.S. Government Accountability Office: 2017 hurricanes put additional pressure on Puerto Rico economy

  Recommends OMB ensures 'sufficient and timely' plans for disaster aid oversight

  • Posted June 28, 2019
• 
  Puerto Rico senator rails against utility’s restructuring support agreement

  Argues it will raise rates and hinder transition to renewable energy use

  • Posted May 14, 2019
• 
  Civil organizations warn of Puerto Rico utility’s debt restructuring support agreement

  Say it will bind consumers to a debt charge for 40 years, focuses on privatization

  • Posted May 13, 2019
• 
  Fiscal board rejects Puerto Rico government’s proposed budget

  Says it is ‘not compliant with the revised version of the 2019 Fiscal Plan’ SAN JUAN – Puerto Rico’s Financial Oversight and Management Board has rejected the fiscal year 2020 budget submitted by the commonwealth government March...

  • Posted May 13, 2019
• 
  Puerto Rico power utility chief assures restructuring agreement will be reached soon

  Says it will address the issue of receivership

  • Posted April 25, 2019
• 
  Puerto Rico creditor group defends validity of Public Buildings Authority bonds

  But argues commonwealth's debt limit was breached

  • Posted April 12, 2019
• 
  UPR Debt Looms Large in Noncompliance Equation

  Debt Down 19.5% to $451M in Latest Proposal; Middle States: Promesa Gives ‘Mechanisms to Restructure Outstanding Debt’

  • Posted April 11, 2019