Hurricane Irma will have negative implications for the Puerto Rico Electric Power Authority’s liquidity and cause further delays to its debt restructuring plans, Moody’s Investors Services predicted in a report released Tuesday.
Puerto Rico’s astronomical debt crisis is a complex issue made all the more daunting by the often-arcane lexicon employed in the finance world.
The Financial Oversight and Management Board for Puerto Rico issued a request for proposals (“RFP”) from parties interested to be retained as an independent investigation team to probe Puerto Rico’s debt and its connection to the current fiscal crisis.