Puerto Rico Governor Says Storm Deeply Cut Ability to Pay Debts
Puerto Rico Governor Says Storm Deeply Cut Ability to Pay Debts
Puerto Rico Governor Ricardo Rossello said the government’s ability to pay even a fraction of its debts was reduced by the crippling blow of Hurricane Maria, which has caused tens of thousands of residents to leave and pushed the economy into a deep contraction.
Bloomberg
Bloomberg
For Sale: One Bankrupt, Hated, Hurricane-Ravaged Power Utility
For Sale: One Bankrupt, Hated, Hurricane-Ravaged Power Utility
Bondholders are wondering what their payouts would be. Residents are wondering when the lights will come on.
Bloomberg
Bloomberg
Puerto Rico Bondholders, Undeterred by Plan, Await Day in Court
Puerto Rico Bondholders, Undeterred by Plan, Await Day in Court
Puerto Rico bondholders got some unwelcome, if widely expected, news from the insolvent island: For the next five years, there’s basically no money for repaying debt. So now, they’re left waiting to see how the fight over the territory’s scarce funds plays out in bankruptcy court.
Bloomberg
Bloomberg
Puerto Rico to Start Privatizing Embattled Energy Company
Puerto Rico Governor Ricardo Rossello said he’s moving to privatize the assets of the island’s electric company, a utility so badly damaged by Hurricane Maria that millions have been left in the dark for months.
Bloomberg
Bloomberg
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Can a Hurricane Improve Growth Prospects? Puerto Rico Thinks So
Puerto Rico thinks its five-year growth prospects actually got better after Hurricane Maria, not worse.
Bloomberg
Bloomberg
Puerto Rico Wants to Stall Creditors. That Went Badly in 1842
Puerto Rico may pave the way for struggling U.S. cities and states to bite the hands that fed them billions.
Bloomberg
Bloomberg