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Puerto Rico’s Bankruptcy Is Ending. What Comes Next?: QuickTake

Jan. 26, 2022, 11:00 AM

The biggest bankruptcy ever in the municipal debt market is on a path to resolution, now that a U.S. judge has approved a restructuring plan for Puerto Rico. Still, there are plenty more challenges ahead for investors, the island’s still-bankrupt electric utility and its beleaguered residents. Even with a sharp reduction in debt payments, the key issue for Puerto Rico is whether it can turn around an economy that’s been shrinking for years amid a steady loss of population.

1. How big was Puerto Rico’s bankruptcy?

The debt restructuring -- an agreement between Puerto Rico’s government, bondholders, insurance companies, ...

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