All posts tagged "Puerto Rico debt crisis"
Assured Guaranty asks FOMB to reconsider certification of Fiscal Plan for Puerto Rico
Claims the Oversight Board formulated again a fiscal plan without appropriate transparency of information and assumptions, and without collaboration with creditors
- Posted May 16, 2018
Union Leaders: ‘Abusive’ House Bill Detrimental to Puerto Rico’s Middle Class
They claim H.B. 938 undermines collective bargaining agreements and would deter social progress
- Posted April 23, 2017
Little enthusiasm among creditors to negotiate Puerto Rico debt
SAN JUAN – Advisers to the Financial Oversight & Management Board sent letters to different groups of bondholders to determine their willingness to participate in a proposed mediation meeting as part of the debt-restructuring process, but there...
- Posted March 29, 2017
Gov’t didn’t pay additional contribution to retirement systems
SAN JUAN – Since 2013, the Puerto Rican government has accumulated a $685 million debt to the central government’s retirement system and $37.2 million with the judiciary’s system, corresponding to two special laws that created an additional...
- Posted March 16, 2017
Agency Heads: Not all Services May be Transferable to Municipalities, P3s
Which services can be regionalized? That is still a big question
- Posted March 11, 2017
Local bondholders to hold 2nd meeting with Government representatives
SAN JUAN – A second meeting of Puerto Rican Bondholders will be held Thursday to discuss how the more than 60,000 people still owed about $15 billion as part of the public debt are directly affected. “For...
- Posted March 6, 2017
Mayors Evaluate Intervention in Lex Claims Lawsuit
SAN JUAN – The Popular Democratic Party’s Mayors Association is evaluating whether to intervene in the current federal court battle in which Ad Hoc Group of General-Obligation Bondholders is claiming Puerto Rico Sales Tax Financing Corp. (Cofina)...
- Posted March 2, 2017
PDP Demands ‘Prudence’ in Governor’s ‘State of the State’ Speech
SAN JUAN – The Popular Democratic Party (PDP) leadership in Congress requested Gov. Ricardo Rosselló to be “prudent” and “responsible” in Tuesday’s message before the Legislative Assembly. “The prudent and reasonable thing is for the governor to...
- Posted February 28, 2017
García Padilla Declares Moratorium on its Premium Debt
La Fortaleza announces measures in anticipation to July 1
- Posted June 30, 2016
A Look at the Rescue Package for Puerto Rico
WASHINGTON — A look at the rescue package for cash-strapped Puerto Rico which faces a $70 billion debt. Some of the provisions in the bill: CONTROL BOARD: A seven-member board appointed by Congress and the president would help Puerto Rico get its...
- Posted June 29, 2016