Puerto Rico is likely to default August 1# Stock
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http://money.cnn.com/2015/07/31/investing/puerto-rico-debt-defa
The commonwealth needs to make a $58 million debt payment by August 1, but
top Puerto Rican government officials say that they don't have the money to
pay.
The August 1 payment is a very small part of the commonwealth's $70 billion
in outstanding debt. That doesn't bode well for the rest of the debt.
The commonwealth needs to make a $58 million debt payment by August 1, but
top Puerto Rican government officials say that they don't have the money to
pay.
The August 1 payment is a very small part of the commonwealth's $70 billion
in outstanding debt. That doesn't bode well for the rest of the debt.
