Puerto Rico faces weak prospects for sustained credit recovery after debt restructuring
November 4, 2019 (5.49mins)
Nick Samuels and Emily Raimes from the US Public Finance team discuss Puerto Rico’s difficult road to recovery despite its debt restructuring. Challenges include negative demographic and economic trends, a Medicaid funding cliff and uncertainty surrounding the federal oversight board’s proposed reform measures.
Frail economy and Medicaid funding cliff pose formidable risks after debt restructuring
Puerto Rico's path to stability requires continued federal support and implementation of proposed reforms, regardless of the outcome of its ongoing debt restructuring process.