Puerto Rico's First Debt Deal Is Running Up Against a Deadline
- Restructuring plan requires legislative approval by Jan. 22
- Utility reached tentative deal in December to cut its debt
A flag hangs in Old San Juan, Puerto Rico.
Photographer: Joe Raedle/Getty ImagesThis article is for subscribers only.
Puerto Rico is starting to make investors sweat when it comes to wrapping up the island’s first deal to begin cutting its $70 billion of debt.