Technology

Puerto Rico Inadequate To Pay Off Debts — Financial Crisis Hits New Stage

Puerto Rico was inadequate to pay off its debt due to Public Finance Corp (PFC) bonds. The island's Government Development Bank forked out only $628,000 of the $58 million debt. The agency stated that the decision "reflects the serious concerns about the Commonwealth's liquidity" and the need to ensure "essential services (residents) deserve are maintained."
Real Time Analytics