The Puerto Rico Electric Power Authority announced Thursday that, following a competitive selection process, the Board of Directors has appointed Lisa J. Donahue as chief restructuring officer.
Gov. Alejandro García-Padilla on Wednesday signed Law 545, known as the “Microenterprise, Small and Mid-Sized Business Support Act,” to support that sector of the Puerto Rican economy.
Moody's Investors Service, the first of the trio of ratings agencies that a month ago slashed Puerto Rico’s credit to junk, on Tuesday removed the "provisional" designation from the Ba2 rating assigned to the Commonwealth’s issuance of $3.5 billion 2014 A General Obligation Bonds priced earlier in the day.