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Prasa: Water cutoffs on the horizon
Issued: July 16, 2014
The Puerto Rico Aqueduct & Sewer Authority may limit water service before potentially resorting to rationing as reservoir levels continue to fall...
Pierluisi meets with credit raters
Issued: July 15, 2014
Resident Commissioner Pedro Pierluisi has met with representatives from the Wall Street credit rating agencies and members of the investment community...
S&P flags OFG over exposure to PR govt
Issued: July 15, 2014
Standard & Poor’s Ratings Services has flagged Puerto Rico’s OFG Bancorp, the holding company of Oriental Bank, for a potential downgrade due to...
PR top court issues ruling in church abuse case
Issued: July 15, 2014
The Supreme Court of Puerto Rico has found that a Roman Catholic diocese does not need to share information about alleged sexual abuse by its priests...
Governor: I’m tired of credit ratings agencies
Issued: July 15, 2014
Gov. Alejandro García Padilla said he has grown “tired” of the wave of credit downgrades following in the wake of Puerto Rico’s new bankruptcy law and...
PR posts low-season cruise gains
Issued: July 15, 2014
The flow of cruise ships and passengers through San Juan rose by roughly 50 percent in the final two months of fiscal 2014 compared to the May-June...
Doral selling $825M in assets for $369M
Issued: July 14, 2014
Doral Financial Corp. is selling nearly $825 million in non-performing assets to Abbey Finance Holdings PR, LLC in a cash transaction valued at $369...
S&P cuts Prasa after GO downgrade
Issued: July 14, 2014
Standard & Poor's Ratings Services has lowered its ratings on the Puerto Rico Aqueduct & Sewer Authority (Prasa) in the wake of its...
$3.1M for PR medical school research
Issued: July 14, 2014
Puerto Rico’s medical schools have been awarded $3.1 million in federal funds for research into health disparities faced by the Puerto Rican...
Prepa plant blast kills 1, injures 3
Issued: July 13, 2014
A Puerto Rico Electric Power Authority worker was killed and several others were injured in an explosion at the utility’s power plant in the Puerto...
20 Haitian migrants found on Desecheo
Issued: July 13, 2014
Authorities in Puerto Rico say they have found 20 Haitian migrants on an island just west of the U.S. territory. ...
$3.8M for Army Corps projects in PR
Issued: July 12, 2014
Legislation approved by the U.S. House of Representatives allocates $3.8 million to fund two projects carried out by the U.S. Army Corps of Engineers...
Fitch: PR bonds drop on Recovery Act
Issued: July 12, 2014
Declines in pricing of Puerto Rico bonds have added further pressure to already depressed net asset values (NAVs) of Puerto Rico mutual funds,...
S&P cuts PR ratings on Recovery Act, ‘mounting fiscal, economic challenges’
Issued: July 12, 2014
Standard & Poor’s Ratings Services downgraded Puerto Rico’s general obligation (GO) rating deeper into junk territory and cut a range of other...
Congressman wants answers in Doral case
Issued: July 12, 2014
A high-ranking Republican congressman has waded into the legal wrangling between the Puerto Rico government and Doral Financial Corp. over $230...
PR creates government EB-5 center
Issued: July 12, 2014
The Puerto Rico government has enacted legislation to create a new public corporation ascribed to the Economic Development & Commerce Department...
PR to seek aid for moderate drought
Issued: July 11, 2014
The Puerto Rico government has declared a state of emergency to allow the U.S. territory to apply for federal aid to deal with abnormally dry...
Trial: dengue shot offers some protection
Issued: July 11, 2014
LONDON — The most advanced vaccine for dengue only offers modest protection but could still help millions of people avoid the devastating effects of...
Prepa driving force behind PR bankruptcy law
Issued: July 11, 2014
The administration of Gov. Alejandro García Padilla passed legislation enabling public corporations to use a bankruptcy-like process over concerns...
PR lottery rises to record $32M
Issued: July 11, 2014
Puerto Rico’s electronic lottery has risen to a record $32 million for Friday night’s drawing. ...
PR tax haul up 5.5% on corporate levies; $488M short of estimates
Issued: July 11, 2014
Puerto Rico tax revenues were up 5.5 percent in fiscal 2014 but trailed estimates by more than $488 million, the Treasury Department reported Friday. ...
PR reporter guest co-hosting ‘The View’
Issued: July 11, 2014
Puerto Rican TV reporter Ana Belaval is guest co-hosting ABC’s daytime talk show the “The View” next week. ...
Executive changes at OFG Bancorp
Issued: July 11, 2014
OFG Bancorp, the San Juan-based holding company for Oriental Bank, has announced some high-level executive changes. ...
Pierluisi eyes bankruptcy code changes
Issued: July 10, 2014
Resident Commissioner Pedro Pierluisi is eyeing changes to the U.S. Bankruptcy Code to allow Puerto Rico government entities to restructure their...
Feds bust PR mayor for corruption
Issued: July 10, 2014
Río Grande Mayor Eduard Rivera Correa was arrested Thursday on federal corruption charges ties to a kickback scheme involving municipal contracts. ...


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