Bond Insurers Surge on Proposed 15% Puerto Rico Electric LossesBy and
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.