Bond Buyer quoted Eric LeCompte on his thoughts on PROMESA and Puerto Rico. Read more here.
PROMESA after four years: Key questions remain
By: Robert Slavin
For others the measure of failure is quite simple.
Attorney John Mudd said after four years there should have been an approved plan of adjustment for the central government debt. Jubilee Executive Director Eric LeCompte said all of the debt restructuring should have been completed by now. Mudd is an attorney for unsecured creditor Servicios Integrales en la Montaña in the bankruptcy as well as a long-time commentator on the board and the bankruptcy.
Advantage Business Consulting President Vicente Feliciano said PROMESA prevented debt restructuring from going into a tailspin.
Read more here.