Tag Archives: debt restructuring

Oversight Board proposes adjustments and consolidation for Cossec

The Puerto Rico government forced the cooperativos, aka credit unions, to buy Puerto Rican bonds, which are now considered junk. Sounds like if the cooperativos had to mark these assets to market, many would be insolvent. So the regulator is … Continue reading

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Puerto Rico Senate Rejects Federal Plan that Excludes Debt Restructuring

Bhahia says that if a Federal Oversight Board over Puerto Rico is adopted, that Puerto Rico will lose economic security.  It seems that Puerto Rico has ALREADY lost economic security with over $72 billion in debt and the situation worsening.  … Continue reading

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