TheStreet: What Puerto Rico's Debt Crisis Means for Muni Investors

By SIMON CONSTABLE
NEW YORK (TheStreet) -- While the financial world focused on the Greek debt drama, a problem with even bigger potential consequences has been brewing in the Caribbean.
Puerto Rico can't pay its $72 billion of debts, the governor of the island warned Sunday, just two days before a budget deal needs to be approved by the territory's legislature. It could affect U.S. investors such as mutual fund holders and hedge funds, in a much larger manner than events in Greece. 
Read more here.
Post a Comment