Gov’t makes $354M debt service payment via clawbacks
December 1, 2015
The Puerto Rico Government Development Bank announced today it has met its scheduled payments of $354 million in principal and interest after Gov. Alejandro García-Padilla instructed his fiscal team to redirect available revenues from other ...
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$354M bond payment, SCOTUS decision loom this week
November 30, 2015
The government of Puerto Rico is facing a busy week with the development of three key events on- and off-island, headed by a decision to make a $354 million bond payment by the Dec. ...
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Bond insurers get ‘Stable’ outlook despite P.R. exposure
July 7, 2015
Assured Guaranty Municipal and National Public Finance Guarantee, two bond insurers with exposure to Puerto Rico, recently received AA+ Stable Outlook ratings from Kroll Bond Rating Agency, which gave them favorable grades despite their risk.
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