Large Puerto Rico bondholder, Oppenheimer Funds, weighs in

Excellent roundup of Puerto Rico news from one of the largest holders of Puerto Rico debt, Oppenheimer Funds.

Highlights

  • The short list of candidates for the governorship just became longer.
  • Puerto Rico and Treasury officials get a “chilly” reception at Senate hearing
  • Media reports disagree on whether a “superbond” proposal is on the table.
  • Higher tax rates and collections were a positive for Q1 General Fund net revenues.

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