Puerto Rico's Debt

Expert Who Helped Craft PROMESA Act: President Trump Is Right, Bondholders Could Lose Everything

When President Donald Trump proclaimed that Puerto Rico's debt may have to be forgiven, it was dismissed by some Wall Street observers. But now a UN sovereign debt consultant who helped shape the “PROMESA act” that gave Puerto Rico super bankruptcy status says debt forgiveness for the island is the likely outcome.

When President Trump mentioned the concept that Puerto Rico's debt might have to be “wiped out,” it was dismissed as an “exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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