The Puerto Rico Commission for the Comprehensive Audit of the Public Credit sent a letter Monday to the Financial Oversight and Management Board for Puerto Rico outlining its work so far, including two preliminary audits that it hopes the federally appointed body will review.
Puerto Rico Gov. Alejandro García-Padilla announced Thursday he has turned over several documents detailing the island’s fiscal situation to the fiscal oversight board, a day ahead of the federally appointed body’s first meeting today.
Following the Puerto Rico government’s confirmation Tuesday that negotiations with Rico Sales Tax Financing Corporation (known as COFINA) and General Obligation bondholders had broken off, both creditor groups went public to defend their positions on the ongoing talks.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
