Municipal Bond Forum
Puerto Rico’s January 2016 G.O. payment
Q
I read that Puerto Rico stopped setting aside money to pay the General Obligation interest payment in January 2016. Do you think this is indicative of their intent not to make the January 2016 payment?
A
James A. Klotz responds:
Although the situation in Puerto Rico is currently in a state of flux, Victor Suarez, the governor’s chief of staff, told reporters yesterday that he anticipates the commonwealth will have sufficient cash flow to make the January payment.
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