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Puerto Rico Defaults on Principal of $422 Million Debt Payment

While the island paid $23 million in interest to its creditors, the outstanding amount puts the onus back on Washington to create a rescue package. [Source]

Publication Date:

Origin: nytimes.com

Category: Credit and Debt

Topics: package, rescue, create, Washington, amount, outstanding, creditors, interest, million, island, While, Payment, Million, Principal, Defaults, Puerto

Source: http://www.nytimes.com/2016/05/03/business/dealbook/puerto-rico-defaults-on-principal-of-422-million-debt-payment.html?partner=rss&emc=rss