Municipal Bond Forum
Good news or bad news?
Q
Is your article, “Puerto Rico Moves To Strengthen Bank, Defend New Law,” good news or bad news?
A
James A. Klotz responds:
Although many analysts believe the Puerto Rico Electric Power Authority is likely to move to restructure its debt, there is no consensus as to what form it will take, when it may happen or the affect it may have on other Puerto Rico entities.
Pending litigation challenging the new Recovery Act also makes the eventual outcome less predictable.
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