Puerto Rico's Own Deficit Forecast Seen High by Morgan Stanley

Updated on
  • Debt trading team sees lower deficit than 2 official forecasts
  • Creditors would fare worse from higher deficit estimate

The Controversy Behind Puerto Rico's Debt Problems

Puerto Rico officials have overestimated the U.S. territory’s anticipated budget deficit over the next five years by about 60 percent, according to an analysis by Morgan Stanley’s debt-trading team.

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