@WSJ reporter covering municipal bonds and public finance. Former reporter at Bloomberg and The Times-Picayune. I like sailing and fishing.

Puerto Rico utility pays up on debt

marketwatch.com — he Puerto Rico Electric Power Authority paid all principal and interest due to bondholders on Wednesday, buying the troubled utility time as it works to reach a deal with creditors. The authority, also known as Prepa, said in a statement that it is funding the $415 million payment with about $153 million from its general fund and the rest from its debt-service reserves.

Puerto Rico utility, creditors close to deal to avoid default

marketwatch.com — The Puerto Rico Electric Power Authority and its creditors were close to a deal Tuesday that would allow the cash-strapped utility to pay more than $400 million to bondholders, said people familiar with the matter, potentially staving off what investors feared might be the first default of many from the U.S.

Puerto Rico Utility, Creditors Close to Deal to Avoid Default

wsj.com — The Puerto Rico Electric Power Authority and its creditors were close to a deal Tuesday that would allow the cash-strapped utility to pay more than $400 million to bondholders, said people familiar with the matter, staving off what investors feared might be the first default of many from the U.S.

Puerto Rico Governor Calls for Delay in Debt Payments for ‘Number of Years’

wsj.com — Alejandro Garcia Padilla in speech says request for negotiated agreement 'is not about politics' Puerto Rico Gov. Alejandro Garcia Padilla said the U.S. commonwealth can't pay its debts and called for a negotiated agreement with bondholders to delay payment for "a number of years" to help restore the island to prosperity.

Puerto Rico Releases Report Calling For Concessions From Creditors

wsj.com — Report's release sends some Puerto Rico bonds to record lows Puerto Rico on Monday released a report calling for concessions from the island's creditors in order to stave off a looming crash crunch and take steps toward achieving fiscal health.

SEC Charges Municipal Underwriters With Making False Statements

wsj.com — The Securities and Exchange Commission charged 36 municipal underwriting firms, including units of Citigroup Inc. and J.P. Morgan Chase & Co., with making false statements or omissions in bond documents, the first penalties under the agency's voluntary self-reporting program targeting inaccuracies in those documents.

SEC charges municipal underwriters with making false statements

marketwatch.com — The Securities and Exchange Commission charged 36 municipal underwriting firms, including units of Citigroup Inc. and J.P. Morgan Chase & Co. with making false statements or omissions in bond documents, the first penalties under the agency's voluntary self-reporting program targeting inaccuracies in those documents.

Bronx President Diaz Backs Puerto Rico Chapter 9 Effort

blogs.wsj.com — As New York City prepares for the National Puerto Rican Day Parade this weekend, local leaders are preparing to join the island's fight to avoid financial calamity. Bronx Borough President Ruben Diaz Jr., whose parents and grandparents settled in New York from Puerto Rico, is organizing a coalition of the New York elected officials and business leaders to call for federal action to assist the island's government in the ongoing crisis.

In Puerto Rico Debt Talks, Things Are Heating Up

wsj.com — It is shaping up to be a hectic summer for holders of Puerto Rico's billions in debt It is shaping up as a hectic summer for investors in Puerto Rico's more than $70 billion in outstanding debt. On Monday, the U.S.

A Debt-Ratings Rift Rattles Chicago

wsj.com — The world's two largest ratings firms are divided in their view of Chicago's fiscal health as the city grapples with a $20 billion pension hole, a potential preview of battles expected to break out around the U.S. as retirement obligations mount.
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Jun 30, 2015

RT @CGrantWSJ: So it comes to pass: Greece defaults on IMF loan despite new push for bailout aid on.wsj.com/1C4fqJY via @WSJ

Jun 30, 2015

RT @matthewsdolan: Former Detroit bankruptcy judge on Puerto Rico: ‘It’s exactly like Detroit’ detne.ws/1Nu9GJR via @detroitnews

Jun 29, 2015

RT @billfaries: With Puerto Rico on edge, entire muni bond world now watching Quien Sabe Mas while Puerto Rico Gov. @agarciapadilla speech delayed...

Jun 25, 2015

RT @Mike_Cherney: Green bond sales haven't lived up to expectations. Will there be a rebound in the second half of the year? on.wsj.com/1GzsoLc

Jun 19, 2015

RT @NormBChamp: Better disclosure for muni bond issuances is vital. More transparency will make this market better @kuriloff goo.gl/AyGcRe

Jun 19, 2015

RT @jasonzweigwsj: Thanks for your support, all. WSJ personal-finance coverage isn’t being eliminated; the rumors of our death have been exaggerated. #WSJperfi

Jun 18, 2015

RT @MichelleKaske: Prepa creditors have a tentative agreement on possible changes to Prepa debt, a source in the talks says. bloom.bg/1G7kRUL

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