Bond Insurers Surge on Proposed 15% Puerto Rico Electric Losses

  • Assured Guaranty, MBIA pare drop from commonwealth crisis
  • Utility pact leaves smaller-than-expected loss for investors

Shares of the two biggest debt insurers rallied after Puerto Rico’s Electric Power Authority reached an agreement with some bondholders on a restructuring plan that would impose a 15 percent loss on investors, less than some had projected.

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