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Order re disclsoure statement hearing in Commonwealth of Puerto Rico Title lll. Note factual materials related to "best interest tests reports" will not be made public although this test is a particular statutory requirement of Promesa#muniland 

Rule 15c2-12 Disclosure: Commonwealth of Puerto Rico failure to provide audited financial statements for the year ended 06/30/2020 [and for FY 2018 & FY 2019]. Neither OBoard or court cares but raters & regulators should take note #muniland 

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@McKinsey  files 3rd request for compensation in Puerto Rico Commonwealth bankruptcy. Notably they cite 36 instances of working on a creditors "best interest analysis" which is the central issue in confirmation #muniland 

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Last month, Rep. @NydiaVelazquez  joined us to discuss the Puerto Rico Statehood Admission Act and her thoughts on the political future of the commonwealth. Listen:

Good roundup of competing federal legislation to guide Puerto Rico to its next iteration beyond a commonwealth by @Nicolemarie_A 

Puerto Rico OBoard has not proposed a schedule for disclosure statement hearing, voting & plan confirmation so likely T3 court still has a lot of work litigating pension bond ultra vires, revenue bonds, discovery for cash & commonwealth assets (pg60 DS) #muniland 

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A settlement between creditors in Puerto Rico’s bankruptcy case is lifting prices of the commonwealth’s municipal bonds

A settlement between creditors in Puerto Rico’s bankruptcy case is lifting prices of the commonwealth’s municipal bonds

Bond insurers Assured, National and FGIC file motion for joinder to Ambac's discovery request on Puerto Rico Commonwealth assets. $AGO $MBI #muniland 

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The Puerto Rico Financial Oversight and Management Board asked a federal judge for more time to file a proposed debt adjustment plan for some USD 35bn in commonwealth debt. Debtwire's Eva Llorens Velez provides an update on this week's Muni Lowdown podcast

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As concern grows in Puerto Rico due to Dorian's forecast strengthening, Trump on Twitter reiterated, as he has in the past, his false claim that Congress approved $92B for the commonwealth after Hurricane Maria. Details:

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BREAKING: Puerto Rico’s Supreme Court has ordered Pedro Pierluisi to resign by 5 p.m. today after the justices ruled that Pierluisi was sworn-in as governor in violation of the Commonwealth’s constitution.

"Effective immediately, the Commonwealth of Puerto Rico must have FEMA approval to request and receive federal funds for recovery." The checkbook for fed funds has been removed from the PR govt by FEMA due to unstable governance. #muniland 

During the lunch Puerto Rico Gov. asked to support statehood for the commonwealth. The president joked that if the governor can guarantee two senators from the new state the process might move very quickly.

Puerto Rico has suffered an island-wide power outage, Puerto Rico's power authority says. For months, Puerto Rico has struggled with widespread power outages after Hurricane Maria devastated the US commonwealth in September

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Puerto Rico Gov. Ricardo Rosselló announced Monday that the commonwealth will begin privatizing the Puerto Rico Electric Power Authority, or PREPA

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More than half of Americans don't realize Puerto Rico is a U.S. commonwealth.

Could Puerto Rico become the 51st state? ?? Here's what to know about this US commonwealth

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Breaking: Puerto Rico missed most of a $58 million bond payment, the first default by the U.S. commonwealth

Puerto Rico missed most of a $58 million bond payment Monday, the first default by the U.S. commonwealth.

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