Municipal Bond Forum
Update, not recommendation
Q
Lots of “ifs” in your article “Puerto Rico: Unable or Unwilling?” Existing bonds insured by AGC and maybe National might pay off if we’re lucky. Payment for COFINA bonds are due Aug. 1. Puerto Rico’s debt is “CCC-” on its own. There are better opportunities out there, even Chicago!
A
James A. Klotz responds:
The purpose of our article was to update interested parties on recent events surrounding the Puerto Rico debt situation. It was not a buy recommendation.
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