ReorgResearch.com – Puerto Rico Columbia University Economist Calls Fiscal Plan ‘Excessively Optimistic,’ Says Puerto Rico’s Restructuring Will Require 90% Debt Write-Off

27/04/2018Espacios AbiertosDigital, EA en los medios, Sala de prensa

The new commonwealth fiscal plan certified by the PROMESA oversight board last week rests on “excessively optimistic” projections that may be used to erroneously inflate Puerto Rico’s debt payment capacity, a Columbia University researcher said Thursday, as he argued that the island’s outstanding debt of more than $70 billion needs to be cut by 90% to reach a sustainable level that Puerto Rico could afford to pay back.

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ReorgResearch.com – Puerto Rico Columbia University Economist Calls Fiscal Plan ‘Excessively Optimistic,’ Says Puerto Rico’s Restructuring Will Require 90% Debt Write-Off

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ReorgResearch.com – Puerto Rico Columbia University Economist Calls Fiscal Plan ‘Excessively Optimistic,’ Says Puerto Rico’s Restructuring Will Require 90% Debt Write-Off

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