Puerto Rico – Promises Broken, PROMESA Made

"Unfortunately, I think it’s highly unlikely that Puerto Rico will ever repay its debt, and certainly not 100 cents on the dollar."

Puerto Rico – Promises Broken, PROMESA Made by James Dearborn, Columbia Threadneedle Investments - Island living is often likened to paradise, but on the distressed shores of Puerto Rico, the island is anything but carefree. Treading on the heels of the largest default in municipal bond history, investors are left asking, “where’s the money?” July 1 marked…