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Muni Bond Expert On Puerto Rico: 'It's Going To Be More Than A Haircut'
Wednesday, June 7, 2017 - 7:44am | 891Puerto Rico’s bankruptcy, with $74 billion in debt at stake, is the largest municipal default in history. Despite the scope of the U.S. territory’s financial troubles, one of the bond business’ most respected analysts said Puerto Rico's debt is unlikely to break the foundation...