Q&A: Puerto Rico's debt crisis, what it means for muni bonds

FILE - In this Wednesday, July 29, file 2015 photo, the Puerto Rican flag flies in front of Puerto Rico’s Capitol as in San Juan, Puerto Rico. Puerto Rico Gov. Alejandro Javier Garcia Padilla said on Sunday, May 1, 2016, that negotiators for the U.S. territory’s government have failed to reach a last-minute deal to avoid a third default and that he has issued an executive order to withhold payment. (AP Photo/Ricardo Arduengo, File)NEW YORK (AP) — Puerto Rico’s worsening debt crisis is dimming the economic outlook for the U.S. territory and putting pressure on Congress to help resolve the situation but it is having little effect on the market for municipal bonds and most investors.

Share this article