This chapter examines the revised fiscal plan of Puerto Rico's administration in light of the COVID-19 crisis, focusing on the treatment of pensioners versus bondholders. It also covers ongoing legal proceedings related to Puerto Rico's Title III cases and updates on fiscal plan deadlines.
The Americas Core Credit team at Reorg takes a look back at the past week and previews what's to come in the week ahead, and director of credit research Mark Fischer and distressed debt legal analyst Sean Daly discuss how companies can navigate through the Chapter 11 process with limited sources of financing.
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