Municipal Bond Forum
Puerto Rico bonds speculative
Q
What is your take on Puerto Rico bonds? Is it safe to buy them again?
A
James A. Klotz responds:
We think an investment in most Puerto Rico issues should be considered speculative in nature.
However, for some time we have been recommending Puerto Rico bonds insured by Assured Guaranty and National Public Finance Guarantee. This has proven to be prescient as both companies have been upgraded recently by Standard and Poor’s Corp.
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