Puerto Rico debt financing gap wider in updated restructuring plan: government

Puerto Rico debt financing gap wider in updated restructuring plan: government

Puerto Rico, struggling to make its debt payments, outlined an increase in its financing gap on Monday, saying it now projects a $16.06 billion hole to fill, cumulatively, over the next five years, an increase of $2.1 billion from a September projection. The Government Development Bank said in an updated Fiscal and Economic Growth Plan (FEGP) released on Monday that at the request of creditors, it added a 10-year financing gap projection.

more info...

Puerto Rico debt financing gap wider in updated restructuring plan: government

Thomson ReutersThe Government Development Bank (GDB) is seen in San Juan NEW YORK (Reuters) - Puerto Rico, struggling to make its debt payments, outlined an increase in its financing gap on Monday, saying it now projects a $16.06 billion hole to fill ...

more info...