Puerto Rico Expands Emergency Debt Moratorium

The governor of Puerto Rico has expanded an emergency debt moratorium on some notes issued by the U.S. territory’s infrastructure financing authority. Alejandro Garcia Padilla made the decision late Friday, saying it was necessary to protect the government’s ability to provide essential services at a time when the economic outlook is worsening. The move was needed, he said, to “ensure the public health, safety, education and well-being” of Puerto Rico's residents. Padilla enacted a...

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