Muni Minute: Large Puerto Rico Default Looming
June 27, 2016

The Commonwealth of Puerto Rico is expected to default on parts of the $1.9 billion it owes on Friday, July 1 which includes $780 million of general obligation debt. What will or won't the island pay and will the U.S. Senate pass a bill in time in time? No one really knows all of the answers but the municipal market will be waiting and watching and finding out together on Friday.

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