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Puerto Rico (A Quick Take, Part II)

posted by Stephen Lubben

Coen, Andrew. The Bond Buyer; New York, N.Y., 30 Sep 2019:

Assured Guaranty, which insures a large amount of Puerto Rico debt, came out against the plan.

“Assured Guaranty does not support this plan of adjustment as it is premised on a number of terms that violate Puerto Rico law, its constitution and PROMESA," said Assured spokesperson Ashweeta Durani.

Are we sure the first and second "violations" are relevant for these purposes?

September 28, 2019 at 4:22 PM in Puerto Rico

Comments

I love it. The insurers as the defenders of the rule of law.

Posted by: Mitu | October 07, 2019 at 04:23 PM

The comments to this entry are closed.

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