Oversight Board, creditors’ committee challenge $6B of P.R. debt
January 15, 2019
The Special Claims Committee of the Financial Oversight Board for Puerto Rico announced that it and the Official Committee of Unsecured Creditors in Puerto Rico’s debt restructuring have filed an objection to more than $6 billion of Puerto Rico’s bonded debt. The objection asserts that the invalid debt was issued in clear violation of the […]
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Op-Ed: PREPA keeps relying on expensive consultants, IEEFA says
December 26, 2018
The Puerto Rico Electric Power Authority’s overreliance on outside advisors continues to undercut its ability to invest in the people needed in Puerto Rico.
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Op-Ed: Oversight Board includes arbitrary Act 154 assumptions in Fiscal Plan
December 5, 2018
Instead of using the most probable assumptions based on actual past results, the Oversight Board relied on untested assumptions which in combination arrive at extremely low expected revenue numbers for its projections.
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