PowerShares Calif AMT-Free Muni Bd ETF
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.
Will the GO bonds allow Puerto Rico to be free of its worries?
Puerto Rico’s general obligation bonds have been recently downgraded to junk level by rating agency S&P.