Backyard Bondholders support fiscal control board
May 19, 2016
Backyard Bondholders, a nonprofit organization representing individual Puerto Rico creditors, on Wednesday said it favors the adoption of a fiscal control board to facilitate an orderly debt restructuring process.
chat_bubble0 Comment
visibility2503 Views
S&P lowers GDB’s rating over debt moratorium law
April 12, 2016
The Puerto Rico government’s decision to enact a debt moratorium and declare a state of emergency at the Government Development Bank prompted ratings agency S&P to downgrade the agency and Moody’s to warn of looming creditor lawsuits.
chat_bubble0 Comment
visibility2772 Views
S&P: Puerto Rico debt moratorium could lead to default
April 7, 2016
Standard & Poor's Ratings Services said Wednesday the legislation enacted giving Puerto Rico Gov. Alejandro García-Padilla the power to suspend debt service payments would lead to a further credit downgrade, to “default” status.
chat_bubble0 Comment
visibility2728 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
