Which Puerto Rico Bond Defaults Next? 42% Yields Provide a Clue

Updated on
  • Commonwealth and its agencies owe $1 billion in January
  • $357 million general-obligation payment due on New Year's Day

Can Puerto Rico Pay Up?

Opinions vary on how to fix Puerto Rico’s $70 billion debt crisis, but analysts, investors, credit-rating companies and even Governor Alejandro Garcia Padilla agree on one thing: the commonwealth will default in 2016. The question is, will it happen as soon as Jan. 1?

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