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Update, not recommendation

Q

Lots of “ifs” in your article “Puerto Rico: Unable or Unwilling?”  Existing bonds insured by AGC and maybe National might pay off if we’re lucky. Payment for COFINA bonds are due Aug. 1. Puerto Rico’s debt is “CCC-” on its own. There are better opportunities out there, even Chicago!

J.M., Florida

A

James A. Klotz responds:

The purpose of our article was to update interested parties on recent events surrounding the Puerto Rico debt situation. It was not a buy recommendation.

Jul 20, 2015

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