In the coming months, the Commonwealth of Puerto Rico will default on bonds issued by its Employees Retirement System following the steady depletion of the bonds' debt service reserves, Moody’s predicted.
Atlas Asset Management recently launched an investment fun to give Puerto Rico residents the option to divest their savings in an instrument that is not tied to government debt.
Gov. Ricardo Rosselló unveiled Tuesday a bill to streamline and integrate the Puerto Rico’s permitting process, which has received the private sector’s backing and should facilitate the opening of new businesses.