Puerto Rico bankruptcy judge orders mediation, threatens dismissal
Judge Laura Taylor Swain contemplates dismissing the bankruptcy, which would leave bondholders in position to sue for full payment.
Source: bondbuyer.com
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Puerto Rico Senate puts off vote on bond bill
While the Puerto Rico House passed it, the Senate set a Thursday vote to ensure passage.
Source: bondbuyer.com
Questions remain about Puerto Rico deal's viability
The deal for new bonds will likely be passed but experts say the final Plan of Adjustment may not lead to a sustainable recovery for the island.
Source: bondbuyer.com
Puerto Rico Oversight Board agrees to ax pension cuts for current pensioners
The board also offers to approve other spending in exchange for local government approval of new bonds and other measures for the Plan of Adjustment.
Source: bondbuyer.com
Puerto Rico's leaders welcome Oversight Board deal
Lawmakers say they will support legislation backing the Plan of Adjustment, which has been a major hurdle for completion of the debt restructuring plan.
Source: bondbuyer.com