Gov’t ‘has faith’ it will pull Puerto Rico out of fiscal hole
October 21, 2015
Government Development Bank President Melba Acosta said Tuesday the administration “has faith” it will pull Puerto Rico out of the fiscal abyss it is currently in, and will set up mechanism to avoid a repeat ...
chat_bubble0 Comment
visibility2901 Views
Bondholders demand that gov’t pay $58M PFC debt
August 7, 2015
OppenheimerFunds and Franklin Advisers, which represent Public Finance Corporation bondholders, sent a letter to Puerto Rico government officials demanding that they take “all necessary actions” to make the $58 million payment missed this week.
chat_bubble0 Comment
visibility3873 Views
A.M. Best: P.R.’s economic struggles an ongoing challenge
July 6, 2015
Puerto Rico bonds have historically been well-received at issuance as they are triple tax-exempt, offering an alternative to investors that are free from local, state and U.S. federal taxes.
chat_bubble0 Comment
visibility3014 Views
