Congress' Plan For Puerto Rico Restructuring Is Bad For Bondholders, Muni Market |
| April 22, 2016 | April 2016 Bond Updates |
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The bill to give Puerto Rico access to court shelter for restructuring imposes more onerous conditions on bondholders than they otherwise would have encountered under Chapter 9, and it could jack up municipal borrowing costs as investors grapple with the risk that this provides a precedent for state governments to institute similar post hoc relief. |
| View more at: http://www.forbes.com/sites/debtwire/2016/04/21/congresss-path-for-puerto-rico-restructuring-is-bad-for-bondholders-muni-market/ |
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