Municipal Bond Forum
A ray of hope
Q
In your article, “Puerto Rico Governor Unveils New Budget Plan,” you said, “If the governor’s plan is successful, this may provide a ray of hope for Puerto Rico bondholders….” What do you mean?
A
James A. Klotz responds:
Clearly, there have not been an abundance of optimistic reports regarding the viability of Puerto Rico’s debt.
A balanced budget and a concise, long-term economic plan can be perceived as a step in the right direction – i.e. “a ray of hope” – for the commonwealth.
Start here.
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