Tag Archives: UPDATE 6-Puerto Rico avoids second

UPDATE 6-Puerto Rico avoids second default, but future payments uncertain

NEW YORK/SAN JUAN, Dec 1 Puerto Rico made a crucial debt payment on Tuesday but warned that its deteriorating finances could trigger future defaults, as the governor granted the U.S. territory power to take revenues from public agencies. There had been speculation Puerto Rico would default on all or part of the $355 million notes issued by its financing arm, ... Read More »