The Traderszone Network

Published in TZ Latest News 30 December, 2015 by The TZ Newswire Staff

Puerto Rico faces key test as January 1 deadline on debt payments looms

NEW YORK/SAN JUAN (Reuters) – Puerto Rico faces a Jan. 1 deadline for roughly $1 billion in debt payments and has already signaled some of that amount could lapse into default, opening the door to potential litigation with creditors. While analysts and sources close to the matter expect Puerto Rico to pay the roughly $330 million in general obligation debt due on Jan.1, nothing is certain. The U.S.

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