Monday, 7 August 2017

Another $2bn of US muni debt on the brink

Following Puerto Rico's default, another US territory is on the brink with $2bn of muni debt. There is plenty more municipal bankruptcies/ stress in the pipeline in both the US and Europe.  In Europe some of the questionable debt even has a negative or near zero yield.

http://www.rstreet.org/2017/08/07/virgin-islands-follow-puerto-rico-into-the-debt-day-of-reckoning/

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