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Puerto Rico

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  • Who bought Puerto Rico's debt?   Tuesday, 11 Mar 2014 | 4:36 PM ET
    Who bought Puerto Rico's debt?

    The U.S. Commonwealth borrowed $3.5 billion in one of the largest junk-rated municipal bond offerings ever. Treasury Secretary of Puerto Rico Melba Acosta, and Puerto Rico Government Development Bank Chair David Chafey, discusses the bigger offering than expected.

  • The risks of buying Puerto Rico's bonds   Tuesday, 11 Mar 2014 | 1:06 PM ET
    The risks of buying Puerto Rico's bonds

    Discussing Puerto Rico's municipal bond troubles, with Robert DiMella, MacKay Municipal Managers.

  • Puerto Rico's new bonds   Tuesday, 11 Mar 2014 | 1:02 PM ET
    Puerto Rico's new bonds

    CNBC's Michelle Caruso-Cabrera reports Puerto Rico is going to borrow $3.5 billion to address its liquidity crisis.

  • Detroit-Puerto Rico parallels   Tuesday, 11 Mar 2014 | 1:00 PM ET
    Detroit-Puerto Rico parallels

    Puerto Rico should pay attention to lessons learned from Detroit bankruptcy, says CNBC's Jeff Cox

  • Puerto Rico to borrow $3 billion   Monday, 10 Mar 2014 | 1:56 PM ET
    Puerto Rico to borrow $3 billion

    CNBC's Michelle Caruso-Cabrera reports Puerto Rico is set to borrow $3 billion to stem off its liquidity crisis.

  • Maybe Puerto Rico needed trip to bond junkyard Monday, 10 Mar 2014 | 7:00 AM ET
    A Cartier store in San Juan, Puerto Rico.

    Despite downgrades and fiscal woes, now could be the time for investors to get in on Puerto Rico, says YPO member Francisco De Armas.

  • Puerto Rico bonds do the unexpected: Rally Wednesday, 26 Feb 2014 | 6:28 PM ET
    Signs of economic depression are visible in the Condado neighborhood of San Juan, Puerto Rico on Tuesday, November 19, 2013.

    The $3.7 trillion US municipal bond market has been stunned by what would have been unthinkable a few months ago: Puerto Rico debt is rallying.

  • There's 'great opportunity' in Puerto Rico: Pro Wednesday, 19 Feb 2014 | 11:43 AM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    The risk-reward calculation in bonds issued by the cash-strapped island leans favorable, said Paul Twitchell of Whitebox Advisors.

  • Inside Whitebox's black box: Puerto Rico   Wednesday, 19 Feb 2014 | 8:06 AM ET
    Inside Whitebox's black box: Puerto Rico

    Paul Twitchell of Whitebox Advisors talks about trading in Puerto Rico bonds. In the long run, he said, it's a pretty good buying opportunity.

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

    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
    Santelli Exchange: What's next for Puerto Rico

    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
    Investors brace for potential PR default

    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
    Bill Gross: Don't think Puerto Rico will default

    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
    Puerto Rico having a 'sovereign debt crisis': Pro

    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
    Puerto Rico credit in dire situation: CEO

    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
    Monitoring Puerto Rico's economy

    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.

  • S&P downgrades Puerto Rico's general obligation bonds

    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
    How Puerto Rico came to owe $70 billion

    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.