Gov. Ricardo Rosselló on Sunday asked the Fiscal Oversight and Management Board for Puerto Rico to certify the filing of a petition for Puerto Rico Electric Power Authority to enter into Title III, to adjusts its debts to a sustainable level under court supervision.
Coinciding with the release of the “Wall Street’s Power Grab in Puerto Rico” study, VAMOS4PR and Chicago-based stateside labor, community, cultural, and human rights groups joined Puerto Rico leaders in calling for an audit into the legality of Puerto Rico’s $72 billion debt.
The Puerto Rico Electric Power Authority provided additional detail on its previously announced extension and supplement to its restructuring support agreement (RSA) with the ad hoc group of PREPA bondholders, the fuel line lenders, the monoline insurers and the Government Development Bank for Puerto Rico.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
