All posts tagged "monolines"
Assured blasts Puerto Rico fiscal board for annual report
Says current course won't restore access to markets
- Posted August 21, 2017
Puerto Rico’s power utility creditors ask court to appoint receiver
It is the first creditor action against Prepa following its Title III bankruptcy filing earlier this month
- Posted July 18, 2017
[EDITORIAL] The Leaning Tower of Lisa
Lisa Donahue’s exit as the Puerto Rico Electric Power Authority’s (Prepa) Chief Restructuring Officer is a day that critics of the bankrupt utility’s restructuring could not see coming soon enough; you could hear chants of “se acabó...
- Posted February 17, 2017
Government Asks Judge to Dismiss National’s Lawsuit
Says bond insurer is not a bondholder
- Posted July 26, 2016
Assured Guaranty Pays Insured Bondholders Following Puerto Rico Default
Says will continue to try to achieve consensual agreements despite commonwealth's "contempt for the rule of law"
- Posted July 8, 2016
Can the Puerto Rico Gov’t Avert Default in May?
As La Fortaleza foretells default, but gov't still seeking ways to mitigate or even avert it
- Posted April 28, 2016
PREPA Announces Amendment to Restructuring Agreement with Key Creditors
SAN JUAN—The Puerto Rico Electric Power Authority (Prepa), Puerto Rico’s publicly owned electricity provider, announced Thursday that it has amended its previously announced restructuring support agreement (“RSA”) with the Ad Hoc Group of Prepa bondholders, its fuel...
- Posted March 31, 2016
Bond Insurers Call for Federal Fiscal Oversight, No Bankruptcy Regime for Puerto Rico
SAN JUAN – In a letter sent Friday to House Speaker Paul Ryan (R., Wis.), the Association of Financial Guaranty Insurers (AFGI) states that providing a bankruptcy regime for Puerto Rico to restructure its debt obligations is...
- Posted January 22, 2016
KBW: Prepa Deal Positive for Local Banks
An agreement reached late last year between the Puerto Rico Electric Power Authority (Prepa) and its monoline insurers is a significant step forward in the electric utility’s restructuring and a positive for local banks with Prepa exposure,...
- Posted January 5, 2016
Prepa reaches restructuring deal with two insurers
SAN JUAN – The Puerto Rico Electric Power Authority (Prepa) announced Thursday, Dec. 24, that it has reached an agreement with two of its monoline bond insurers, bringing them onboard the restructuring support agreement (RSA) that already...
- Posted December 24, 2015