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Monday, February 1, 2016

Loomis Sayles exec: Puerto Rico restructuring plan 'not going to fly'

Loomis Sayles exec: Puerto Rico restructuring plan 'not going to fly'
NEW YORK, Feb 1 (Reuters) - Dan Fuss, vice chairman of Loomis Sayles, said on Monday that Puerto Rico's offer to creditors to take a deep discount on their debt will unlikely be approved by investors but serves as a good start to restructuring discussions.

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