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Puerto Rico wins bankruptcy deal ahead of pension cut fight

JULY 14, 2021 | by Editorial | PENSIONS & INVESTMENTS

Includes “Puerto Rico's financial oversight board struck a deal with the main group of the island's unsecured creditors, a breakthrough in the government's bankruptcy that removes one roadblock to the current plan for slashing $35 billion of its remaining debt. The deal, struck on the eve of a court hearing Tuesday, may also put pressure on the remaining bond insurers that are among the biggest creditors still fighting the proposed debt-restructuring plan.”

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