Municipal Bond Forum
Hold Puerto Rico bond?
Q
I own Puerto Rico bonds and they are down. Should I continue to hold them for the long run or trade them for, say, Connecticut bonds? What are their chances of default?
A
James A. Klotz responds:
Because there are a multitude of issuing entities in Puerto Rico with varying degrees of credit quality, we cannot offer an opinion without being aware of your specific holdings.
In general, we are not anticipating an imminent default on any Puerto Rico municipals.
Start here.
Do you have specific criteria for bonds you’re looking for? Let us know and we’ll e-mail you bonds that fit your needs. There is no charge for this service.
This report is produced solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. This report is based on information obtained from sources believed to be reliable but no independent verification has been made, nor is its accuracy or completeness guaranteed.