Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Puerto Rico defaults on $58M debt payment
UPI ^ | 8-4-2015 | Danielle Haes

Posted on 08/03/2015 2:41:51 PM PDT by tcrlaf

Puerto Rico paid only $628,000 on a $58 million debt bill due Monday, putting the country into default for the first time.

The country's Government Development Bank was supposed to make the full payment on its Public Finance Corporation debt service, but failed to do so. Moody's said it considers the lack of payment a default, CNBC reported.

"Due to the lack of appropriated funds for this fiscal year the entirety of the PFC payment was not made today (the first business day after the Saturday deadline)," GDB President Melba Acosta-Febo said in a statement.

(Excerpt) Read more at upi.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: debt; default; puertorico
Navigation: use the links below to view more comments.
first previous 1-2021-26 last
To: tcrlaf

Time to change its name to Puerta Dueda!


21 posted on 08/03/2015 6:32:53 PM PDT by Shadow44
[ Post Reply | Private Reply | To 1 | View Replies]

To: tcrlaf

Since when is PR a country?


22 posted on 08/03/2015 7:14:59 PM PDT by RKBA Democrat ( The ballot is a suggestion box for slaves and fools)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MadMax, the Grinning Reaper
I forgot about the 57 states by our POTUS Obama: Fake black (Mulatto) man. Fake Messiah. Fake American.

How many fakes can you fit in one Zer0?

“Commander Zero.”

23 posted on 08/03/2015 11:18:43 PM PDT by Stanwood_Dave ("Testilying." Cop's don't lie, they just Testily{ing} as taught in their respected Police Academy.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: tcrlaf

Another mystery.


24 posted on 08/04/2015 6:29:13 AM PDT by P.O.E. (Pray for America)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tcrlaf

Puerto Rico . . . 
You ugly island . . . 
Island of tropic diseases. 
Always the hurricanes blowing, 
Always the population growing . . . 
And the money owing, 

http://www.youtube.com/watch?v=Qy6wo2wpT2k


25 posted on 08/04/2015 9:28:29 AM PDT by lowbridge
[ Post Reply | Private Reply | To 1 | View Replies]

To: tcrlaf

Time to make PR a penal colony.


26 posted on 08/04/2015 12:42:23 PM PDT by Up Yours Marxists
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-26 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson