Last friday, governor Ricardo Rosselló Nevares asked for a process of debt adjustments under Title III for PREPA to the Board, which authorized it that very same day.
The government and the Oversight Board determination to request a process of debt adjustment under the Title III of PROMESA for the Puerto Rico Electric Power Authority (PREPA) opens the possibility to achieve greater relief than initially expected in the agreement between the public corporation and the bondholders.


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