Puerto Rico Reassures Debtors
World Economy

Puerto Rico Reassures Debtors

Puerto Rico’s pledge to take the constitutional priority of its general-obligation bonds in consideration is seen as a message that the commonwealth is willing to work with investors as debt restructuring talks begin, Bloomberg reported. “It’s an important step for them just to reinforce that there are rules and that they’re going to try to work around them with bondholders,” said Matt Fabian, a partner at Concord, Massachusetts-based Municipal Market Analytics. “Maybe that works, maybe it doesn’t.” Administration officials tasked with reducing the island’s debt load or suspending debt-service payments met Thursday with Governor Alejandro Garcia Padilla and lawmakers to develop guidelines for a potential voluntary exchange of existing debt for new bonds with possible security improvements.


Short URL : https://goo.gl/bm44py
  1. https://goo.gl/ClOLRq
  • https://goo.gl/UcUkMC
  • https://goo.gl/ycXtU1
  • https://goo.gl/iXc4hl
  • https://goo.gl/YPYL47

You can also read ...

Najib Says Malaysia Reserves at $100 Billion
Malaysia’s international reserves, which amount to more than $...
For the full year 2017, GDP growth may be slightly higher than the 1.4% estimated in the previous bulletin, the Bank of Italy said.
Fitch Ratings has affirmed Italy's sovereign rating at 'BBB'...
Japan Faces Huge Challenges
Is Japan’s problem-plagued economy finally turning a corner?...
Pakistan Economy Teetering as Pleas for Remedy Mount
Pakistan is showing clear signs of economic meltdown amid...
If NAFTA is scrapped, some economists predict that the big automakers would just shift production altogether to Europe or Asia.
America’s federal government finished fiscal 2017 with a...
GE is maker of power plants, jet engines, medical devices and other  industrial equipment.
General Electric Co’s new chief executive vowed to shed more...
Chinese stocks have steadily moved upward since June.
Investor confidence in China’s securities market remains...
Fed Chair Race Heats Up
President Donald Trump said he’s considering Stanford...