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Ripples from Puerto Rico’s debt crisis reach the mainland

JULY 2, 2019 | by Brian Chappatta | BLOOMBERG

“… Illinois Comptroller Susana Mendoza, for her part, dismissed the lawsuit as ‘nothing more than garbage’ and expects it to be ‘laughed out of court.’ Still, it looks to be the first significant ripple on the mainland from Puerto Rico’s unprecedented restructuring. As always, it raises the question of whether this is the final straw that will shake investors’ confidence in the market’s underpinnings. Illinois is the natural starting place for this sort of reverberation. …”

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