Observers applaud Puerto Rico debt deal, while underlying concerns remain
Participants note there is a long road to sustainable recovery for the island that is dependent on the local government keeping its spending in check.
Source: bondbuyer.com
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Puerto Rico bankruptcy judge signals plan confirmation likely by month end
Swain rejected several legal challenges to the Plan of Adjustment. The Oversight Board must file a final amended plan by Friday.
Source: bondbuyer.com
U.S. DOJ will defend PROMESA; debt deal may be delayed
The bankruptcy judge is unlikely to rule on the Plan of Adjustment and related legal documents until the federal government has filed its defense.
Source: bondbuyer.com
Puerto Rico bankruptcy judge rejects credit union fraud claims
The credit unions had bought $976 million of Puerto Rico bonds and notes, which they alleged they were coerced to purchase by Puerto Rico government and its agencies.
Source: bondbuyer.com
Pension resolution clears obstacle in Puerto Rico bankruptcy
Pension laws had been perhaps the key issue that could have scuttled the island's debt restructuring deal.
Source: bondbuyer.com