Municipal Bond Forum
Puerto Rico: No answers yet
Q
What are some of the scenarios we bondholders can now expect concerning the outcome of the Puerto Rico debt problem?
A
James A. Klotz responds:
It is too early to predict how the Puerto Rico debt problem will shake out, as there are numerous issuers that may not all be treated similarly.
We do believe, however, that any remedy or restructuring will result in higher prices on most Puerto Rico securities than those at which they are currently trading.
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