There are increased concerns that Puerto Rico is about to default, as a major debt service deadline looms, with analysts eyeing the 1bn , when the $355m of notes issued by Moody's come due, as the litmus test to see if the island is willing to make tough decisions to avoid a default. (NYSE: MBI), the Government Development has predicted that Puerto Rico will default on an at least a portion of its debt obligations in coming weeks , which would be the second default by the island to date. Puerto Rico does not have the funds to meet all of its maturing obligations, which come to over $ 1bn , due in coming weeks , and will have to make the decision as to what debts to pay and which will default.
There are increased concerns that Puerto Rico is about to default, as a major debt service deadline looms, with analysts eyeing the 1bn , when the $355m of notes issued by Moody's come due, as the litmus test to see if the island is willing to make tough decisions to avoid a default. the Government Development has predicted that Puerto Rico will default on an at least a portion of its debt obligations in coming weeks , which would be the second default by the island to date. Puerto Rico does not have the funds to meet all of its maturing obligations, which come to over $ 1bn , due in coming weeks , and will have to make the decision as to what debts to pay and which will default.