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

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The top investors are reading ValuewalkPremium.

Click here to learn why

0