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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.
Discussing Puerto Rico's municipal bond troubles, with Robert DiMella, MacKay Municipal Managers.
CNBC's Michelle Caruso-Cabrera reports Puerto Rico is going to borrow $3.5 billion to address its liquidity crisis.
Puerto Rico should pay attention to lessons learned from Detroit bankruptcy, says CNBC's Jeff Cox
CNBC's Michelle Caruso-Cabrera reports Puerto Rico is set to borrow $3 billion to stem off its liquidity crisis.
Despite downgrades and fiscal woes, now could be the time for investors to get in on Puerto Rico, says YPO member Francisco De Armas.
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.
The risk-reward calculation in bonds issued by the cash-strapped island leans favorable, said Paul Twitchell of Whitebox Advisors.
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.
CNBC's David Faber and Jim Cramer discuss the status of Puerto Rico and the problems the commonwealth faces.
CNBC's Rick Santelli and Matt Fabian, Municipal Market Advisors managing director, discuss the muni bond market, and Puerto Rico's downgrade and economy.
Moody's Investors Service downgraded Puerto Rico's general obligation debt rating to junk status on Friday.
Downgrading Puerto Rico's debt took "cojones" though it was long overdue, according to one bond pro.
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.
Pimco's Bill Gross discusses Puerto Rico's troubled debt and shares his Fed forecast, calling the taper "a good thing."
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.
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.
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.
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.