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Puerto Rico Default Could Blindside Investors In Municipal Bonds

TedTed
edited May 2016 in The Bullpen
FYI: (This is a follow-up article)
As the Puerto Rican government embraces default as a way of dealing with a $422 million debt payment due Monday, a lot of investors and financial advisers might be surprised at how exposed they are to the island country's financial woes.
Regards,
Ted
http://www.investmentnews.com/article/20160502/FREE/160509994?template=printart

Blooomberg Slant:
http://www.bloomberg.com/news/articles/2016-05-01/puerto-rico-will-default-on-government-development-bank-debt
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