Puerto Rico Debt Crisis: A Bond Guide as Potential Defaults Loom
Can Washington Fix Puerto Rico's Mounting Debt Crisis?
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Puerto Rico’s fiscal crisis reached a turning point this week when one of its agencies, the Public Finance Corp., defaulted on a bond payment for the first time.
Standard & Poor’s said the decision could imperil the government’s ability to borrow money as it risks running out of cash within the next few months. The rating company said more defaults may follow.