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Curtis Gaye Named to Butts County Chamber of Commerce Hall of Fame

Curtis Gaye was inducted to the Butts County Chamber of Commerce Hall of Fame on the evening of Thursday, March 7 at the chamber’s annual meeting held at the Central

Questions remain about Puerto Rico deal s viability

Junta alcanza acuerdo con otro grupo de acreedores en medio de discusión del plan de ajuste de la deuda

De cara al proceso judicial en torno a la confirmación del plan de ajuste de la deuda del gobierno central, la Junta de Control Fiscal (JCF) alcanzó hoy un acuerdo con otro grupo de acreedores para reestructurar una porción de la deuda del país mientras el gobierno de Puerto Rico cuestionó las posibilidades de que se confirme un plan de ajuste que contenga recortes a las pensiones. Así lo anunció hoy el abogado del ente fiscal Brian Rosen durante la primera audiencia judicial ante la jueza federal Laura Taylor Swain en donde se discutió la Declaración Informativa [

Court Plunges Into Puerto Rico Defaults That Put Bond Market on Edge

The industry warns that bait-and-switch tactics could endanger trillions of dollars in debt and push local governments “off the precipice.” Remnants of a city sign lay on the beach damaged by Tropical Storm Laura in Salinas, Puerto Rico, on Aug. 22, 2020. (AP Photo/Carlos Giusti) BOSTON (CN) In a pair of cases that could send shockwaves through the multitrillion-dollar municipal bond market and dramatically increase borrowing costs for governments at all levels, the First Circuit heard arguments Thursday on whether Puerto Rico bondholders could collect on collateral for almost $4 billion worth of defaulted loans.  Puerto Rico and other parties that want the money claim the security interest of the bondholders is worthless, despite the common industry assumption that similar bonds are backed by an underlying revenue stream. 

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