Quantcast
Video
Markets
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.

next up
Already a subscriber? Log in here
Please note you must now log in with your email address and password.