Puerto Rico in Distress

Puerto Rico In The News

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ABI Analysis

Senate Finance Committee Hearing Tomorrow to Explore Financial and Economic Challenges in Puerto Rico

The Senate Finance Committee will be holding a hearing tomorrow at 10 a.m. ET titled “Financial and Economic Challenges in Puerto Rico.” Witnesses set to testify at the hearing include:

Hon. Pedro R. Pierluisi, Congressman for Puerto Rico, U.S. House of Representatives
Melba Acosta, President, Government Development Bank for Puerto Rico

Bill Proposed to Give Regulatory Protection to Puerto Rico Mutual Fund Investors

When the federal government set out to regulate mutual funds, investment firms in Puerto Rico were deemed too far off the beaten track to merit scrutiny so the mutual funds were excluded from regulation under the Investment Company Act of 1940, The New York Times reported today.

Puerto Rico Utility PREPA Said to Reach Deal with Lenders

Puerto Rico's power authority PREPA has reached a deal with its lenders to restructure $700 million in matured debt, a significant step in turning around the utility after it clinched a deal with bondholders earlier in September, Reuters reported yesterday. Finding a solution for PREPA has been seen as a critical test for the U.S.

Puerto Rico Utility Fails to Extend Contract with Insurers

Puerto Rico’s main electricity provider, PREPA, failed to extend a contract with its bond insurers that has given the power company time to negotiate a way to restructure its $8.3 billion of debt, Bloomberg News reported on Saturday.

Other Resources

This wiki is a repository for members of the U.S. Congress, other policy makers, academics, investors, the media and the general public to understand the challenges facing Puerto Rico in 2016 and to provide data and information to begin crafting long term sustainable solutions. Click here to view.