The restructuring deal has met with opposition from both creditors and large segments of the Puerto Rican community. Some of the bond holders are rumored to be considering an appeal of the restructuring plan. Meanwhile, many Puerto Rican civic and oversight groups such as the Center for Popular Democracy (CPD), the Citizen Front for the Debt Audit (Comisión Ciudadana Para la Auditoría Integral del Crédito Público), and Puerto Rico’s Citizens for Debt Audit (Frente Ciudadano por la Auditoría de la Deuda) all denounce the approval of the restructuring plan as an easy way to appease bondholders while ignoring the long term development needs of the Puerto Rican economy.

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