Tag Archives: Debt

FULL STORY: Commission Raises Questions Regarding PR Debt’s Validity

By Gil Hall,  gil@prnewsroundup.com  A Puerto Rican congressional commission tasked with evaluating Puerto Rico’s debt stock released a 31-page report Thursday outlining its preliminary findings. The “Puerto Rico Commission for the Comprehensive Audit of the Public Credit” (PRCCAPC) was created by public law 97-2015, and began its work in January 2016. Its goal was to perform a preliminary legal and …

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Luis Dávila Colón: PR default is imminent

The prominent Puerto Rican journalist and attorney Luis Dávila Colón said last Thursday he believes there will be a default on Puerto Rico’s Government Development Bank bond payment of $354 million due on December 1, 2015. In an interview recorded with PRNewsRoundup.com’s Cate Long (@cate_long) and Gil Hall (@gillamhall), Dávila Colón (@davilacolon) said that  government officials “have decided not to pay–even the GOs–and …

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