3 Things To Know About Puerto Rico’s Debt Crisis

Not all Puerto Rican bonds were created equal.

Topics:  puerto rican   
BING NEWS:
  • Why This Top-Rated Muni-Bond Fund Is Betting Big on Puerto Rico
    The Goldman Sachs Dynamic Municipal Bond fund has a knack for seizing opportunity in market dislocations, such as when Puerto Rico was emerging from bankruptcy in 2022 ...
    04/30/2024 - 7:30 pm | View Link
  • PREPA bondholders ask greater payment capacity evidence to be heard
    In the last few weeks projections from LUMA Energy indicate the authority can afford to pay more bond debt, opposing bond parties say.
    04/30/2024 - 1:55 pm | View Link
  • Puerto Rico Utility Bondholders Seek Bigger Bankruptcy Payouts
    Bondholders of Puerto Rico’s bankrupt power utility are pushing for the court to increase what they stand to recover as new projections show the company’s revenue is likely to outstrip expectations ...
    04/30/2024 - 9:13 am | View Link
  • Joe Biden wins Democratic primary in Puerto Rico
    FILE – The Capitol of Puerto Rico stands in San Juan, Puerto Rico, July 29, 2015. President Joe Biden won the Democratic presidential primary Sunday, April 28, 2024, in the U.S. territory of ...
    04/28/2024 - 12:41 pm | View Link
  • Joe Biden wins Democratic primary in Puerto Rico
    SAN JUAN, Puerto Rico (AP) — President Joe Biden won the Democratic presidential primary Sunday in the U.S. territory of Puerto Rico. Puerto Rico was authorized to open only a dozen voting ...
    04/28/2024 - 5:02 am | View Link
  • More
BING SEARCH:
  • Puerto Rico formally exits bankruptcy following largest public debt ...
    Puerto Rico accumulated more than $70 billion in public debt and more than $50 billion in public pension liabilities through decades of corruption, mismanagement and excessive borrowing. The...
    05/2/2024 - 7:32 pm | View Website
  • Will Puerto Rico’s debt-restructuring deal end the largest bankruptcy ...
    Puerto Rico's $70 billion public debt could go down to $34 billion, while debt from the Public Buildings Authority and general obligations bonds could be reduced to $7.4 billion, from $18.8 billion.
    05/1/2024 - 10:39 pm | View Website
  • Puerto Rico fiscal board focuses on boosting economy as bankruptcy ends
    The focus on economic growth comes after the board oversaw a bankruptcy-like process in which Puerto Rico’s debt dropped to $34 billion from more than $70 billion, an amount the government had ...
    05/1/2024 - 9:42 pm | View Website
  • Judge Approves Deal to Resolve Puerto Rico Bankruptcy
    Jan. 18, 2022. MIAMI — Puerto Rico received approval from a federal judge on Tuesday to leave bankruptcy under the largest public-sector debt restructuring deal in the history of the United...
    05/1/2024 - 6:22 pm | View Website
  • What the recently approved bankruptcy deal means for Puerto Rico
    In 2017, Puerto Rico faced more than $70 billion of public debt, plus another $50 billion in pension obligations, and the island declared itself bankrupt.
    05/1/2024 - 5:21 am | View Website
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