Mandatory Reading for Puerto Rico
Puerto Rico’s financial situation need not be a lost cause. They would do well by studying NYC’s strategy in the 1970’s. Also commentary on recent PR Management changes.
Mid-Year Tobacco Bond Update
Analyzing the credit risk of tobacco bonds in 1999 was complex. With billions of dollars of disputed payments, settlements and the continued threat of withholding payments by tobacco manufacturers, predicting tobacco bond debt payments is nearly impossible.