https://theconservativetreehouse.com/2016/06/09/rat-fink-ryan-pushes-passage-of-puerto-rico-bain-capital-bond-seller-rescue-through-house/
http://www.tampabay.com/blogs/the-buzz-florida-politics/content/under-romneys-bain-capital-dade-behring-received-millions-tax-breaks-it-laid-hundreds
So state and city bond holders now have more risk of loss and will demand higher interest rates. The rating agencies should immediately down grade all non-federal bonds.