This in turn will fall short of leading Puerto Rico “toward a more sustainable economic future,” the company stated.
If the measure of success of a debt settlement is that it offers realistic payouts to bondholders while allowing the debtor the ability to emerge as a going concern, then it’s time to forget about this deal.
Banco Popular added 40,000 new clients, as other financial institutions opted to close branches after Hurricane María tore through the island last year.