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, ...
