Court dives into Puerto Rico’s defaults that put bond market at risk – The Weekly Journal

Court dives into Puerto Rico’s defaults that put bond market at risk – The Weekly Journal

BOSTON (CN) – In two cases that could send shock waves through the multibillion-dollar municipal bond market and dramatically increase borrowing costs for governments at all levels, the First Circuit recently heard arguments about whether Puerto Rican bondholders could collect collateral for nearly $ 4 billion in delinquent loans. Puerto Rico and other money-hungry parties […]
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