Puerto Rico


  • Cramer: Puerto Rico is for trade only  Tuesday, 11 Feb 2014 | 9:38 AM ET

    CNBC's David Faber and Jim Cramer discuss the status of Puerto Rico and the problems the commonwealth faces.

  • Santelli Exchange: What's next for Puerto Rico  Monday, 10 Feb 2014 | 11:37 AM ET

    CNBC's Rick Santelli and Matt Fabian, Municipal Market Advisors managing director, discuss the muni bond market, and Puerto Rico's downgrade and economy.

  • Puerto Rico debt cut to 'junk' by Moody's Friday, 7 Feb 2014 | 1:45 PM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    Moody's Investors Service downgraded Puerto Rico's general obligation debt rating to junk status on Friday.

  • Puerto Rico downgrade took ‘cojones’: Bond pro Wednesday, 5 Feb 2014 | 3:54 PM ET
    Construction workers dig a trench on a waterfront street in Old San Juan, Puerto Rico.

    Downgrading Puerto Rico's debt took "cojones" though it was long overdue, according to one bond pro.

  • Investors brace for potential PR default  Wednesday, 5 Feb 2014 | 3:10 PM ET

    Discussing the fallout if Puerto Rico defaults on its massive muni bond debt and what investors should do with their money, with Laurence Gottlieb, Fundamental Advisors chairman and CEO, and Shawn O'Leary Nuveen Asset Management senior research analyst.

  • Gross doesn't think Puerto Rico will default  Wednesday, 5 Feb 2014 | 2:07 PM ET

    Pimco's Bill Gross discusses Puerto Rico's troubled debt and shares his Fed forecast, calling the taper "a good thing."

  • Puerto Rico having a 'sovereign debt crisis': Pro  Wednesday, 5 Feb 2014 | 12:54 PM ET

    The downgrade of Puerto Rican debt by the S&P is hitting many U.S. municipal bond investors. Hans Humes, Greylock Capital Management Chairman & CEO, provides insight.

  • Puerto Rico credit in dire situation: CEO  Wednesday, 5 Feb 2014 | 11:42 AM ET

    Alexandra Lebenthal, Lebenthal & Co. president & CEO, discusses the S&P's move to downgrade Puerto Rico's general obligation debt to junk status and if other creditors, like Moody's, will follow suit.

  • Monitoring Puerto Rico's economy  Wednesday, 5 Feb 2014 | 10:30 AM ET

    Explaining why S&P downgraded Puerto Rico debt to junk and the likelihood of a U.S. bailout, with Horacio Aldrete-Sanchez, S&P credit analyst.

  • CNBC's Michelle Caruso-Cabrera reports the S&P has downgraded Puerto Rico's general obligations bonds to junk status.

  • How Puerto Rico came to owe $70 billion  Friday, 24 Jan 2014 | 6:00 PM ET

    CNBC's Michelle Caruso-Cabrera looks at how Puerto Rico, an island with a population of 3.7 million, came to owe more than $70 billion. The government has raised taxes and cut pensions to help make up the shortfall.

  • Puerto Rico debt; Buy in now?  Friday, 24 Jan 2014 | 2:12 PM ET

    CNBC's Michelle Caruso-Cabrera provides insight on Puerto Rico's debt, and what big names in business say about investing there.

  • UBS & Puerto Rico's debt  Friday, 24 Jan 2014 | 1:53 PM ET

    CNBC's Michelle Caruso-Cabrera reports there is a special exemption law in U.S. securities law that if you live in a territory like Puerto Rico, you can invest in closed-end funds in which you get tax-free dividends.

  • Why Puerto Rico needs to borrow money—and soon Friday, 24 Jan 2014 | 1:06 PM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    Puerto Rico is in a struggle to borrow money—and it has to do it quickly if it wants to keep ratings agencies happy.

  • Problems in Puerto Rico: Debt crisis looms  Friday, 24 Jan 2014 | 10:43 AM ET

    Puerto Rico Treasury Secretary Melba Acosta, and PR Government Development Bank Chairman David Chafey, discuss the pressure Puerto Rico is under from ratings agencies to borrow from markets over concerns of short-term liquidity needs. Puerto Rico has $70 billion in debt plus unfunded liabilities of $30 billion.

  • Should Puerto Rico be allowed to borrow?  Friday, 24 Jan 2014 | 7:44 AM ET

    Puerto Rico is under pressure from ratings agencies to prove they can borrow money or face a downgrade, reports CNBC's Michelle Caruso-Cabrera.

  • White House: No bailout for Puerto Rico Wednesday, 22 Jan 2014 | 5:06 PM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    The White House is not considering a financial bailout for Puerto Rico, an Obama administration official says.

  • Massive muni market faces PR default  Friday, 17 Jan 2014 | 3:14 PM ET

    Larry McDonald, Newedge USA senior director, and Dan Loughran, Oppenheimer Funds, discuss the threat Puerto Rico poses to the $4 trillion U.S. muni bond market. CNBC's Michelle Caruso-Cabrera provides insight.

  • Puerto Rico: Sand, rum and some risky bond income Wednesday, 6 Nov 2013 | 8:00 AM ET
    An abandoned building in the Isla Verde area of San Juan, Puerto Rico.

    Puerto Rico's territory is small, but its municipal bond market impact could be huge as it faces a potential default.

  • Puerto Rico's debt crisis hits muni bond funds  Tuesday, 29 Oct 2013 | 10:38 AM ET

    The willingness of Puerto Rico to pay is very strong, says Daniel Loughran, Oppenheimer Funds, explaining why he is still bullish on the country's muni bonds despite its "structural budget deficits."