| Civic Engagement
Published By:The Intercept
Published By:The Intercept
Puerto Rico is on Track for Historic Debt Forgiveness -- Unless Wall Street Gets its Way
For bondholders sitting on Puerto Rican debt, Hurricane Maria may have come just when they needed it, just as a yearslong battle over the fate of the island’s financial future was beginning to turn against them. Or, depending on how the politics shake out, they could see their entire bet go south.