Commentary: If Puerto Rico Believes Bankruptcy Is a Much Better Option, It Has an Impolite Waking Up Coming!
One ought to look no more than the Puerto Rico Electric Power Authority’s (PREPA) pending bankruptcy. All reputable monetary experts concur that PREPA just needs a little more than a 10% decrease in financial obligation service to continue paying its expenses and running as anticipated. Over a three-year duration, the energy worked out with their shareholders for a 15% decrease in financial obligation. This consensual arrangement provided the energy nearly 50% more than it had to return on track. IfRead more