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Puerto Rico’s Structural Problems Are Similar to Greece’s
Puerto Rico shares a story similar to Greece’s (GREK) in terms of its dismal economic performance and exacerbated debt issues.
Puerto Rico Records Largest Bankruptcy among US Municipalities
Despite its bankruptcy filing, Puerto Rico has the option to negotiate with its creditors outside the court. It could go through a process equivalent to a Chapter 9 bankruptcy filing.
Puerto Rico’s Increasing Defaults Lead to Bankruptcy in 2017
The board overseeing Puerto Rico (PZT) (HYMB) filed for bankruptcy protection in a much-anticipated move in 2017.
Why Are Investors Flocking to Safer Bonds?
Treasuries recorded a spike in their yields last year due to the sell-off after Donald Trump’s victory.
Overview: Puerto Rico’s unique economy impacts investor returns
Likewise, while municipal bonds have outperformed the S&P 500 Index and bonds with comparable ratings, Puerto Rico munis have under performed in comparison.
Why is Puerto Rico’s economy unique compared to mainland U.S.?
Public corporations account for about 40% of the total outstanding debt of Puerto Rico.
