Emerging Markets to Host Seminar on Puerto Rico Debt
Puerto Rico’s debt once again is the subject of analysis in New York. The Emerging Markets Trade Association (EMTA) has organized a Feb. 18 seminar titled “Puerto Rico Debt Crisis & its Significance for other Municipal Markets.”
EMTA considers the way the government of Puerto Rico manages its debt crisis will become
a case study for other cities and states that face the same problem.
“The way the government handles debt payments in the future is yet to be seen but the implications of its decisions go beyond the local economy,” states information related to the seminar. The results of what happens in Puerto Rico could increase risk premiums, indebtedness costs and potentially destabilize other municipal markets.
The seminar will explore the government’s current challenges, the role of the federal government in the crisis and the effects the decisions will have on the municipal bond
Among participants in the seminars are Héctor Negroni (Fundamental Advisors LP); Matthew McGill (Gibson, Dunn & Crutcher LLP); Matt Fabian (Municipal Market Analytics); Andrew Rosenberg (Paul, Weiss, Rifkind, Wharton & Garrison LLP); and George Carroll (GO Bondholder and former municipal bond market professional). Arturo Porzecanski, from American University, will be the moderator.
By Sin Comillas Staff