Puerto Rico to miss payment, default looms

August 1, 2015 3:06 PM

36 0

Staggered by a $72 billion debt load, Puerto Rico is expected to miss a debt payment due Saturday, setting the stage for what could be one of the largest U.S. municipal debt restructurings.

Puerto Rico's government said Friday it would not make a $58 million bond payment due over the weekend.

Also read: Franklin Templeton's Zahn says overweight on Italian govt bonds

Read more

To category page

Loading...