Even with Rescue, Puerto Rico Default Likely; Insurers Still at Risk for Millions

Investors in Puerto Rico’s debt-burdened economy still face risks of default on some of the island’s $70 billion in debt even after the U.S. Congress on Wednesday created a powerful federal oversight board to manage credit restructurings. U.S. President Barack …

from News – Insurance Journal http://ift.tt/295Ximu
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