Puerto Rico governor, bondholders divided on PREPA deal
Puerto Rico's governor told U.S. lawmakers on Wednesday the island's struggling power utility, PREPA, could undergo an in-court restructuring process akin to U.S. bankruptcy if a consensual deal with creditors cannot be achieved.Governor Ricardo Rossello said at a U.S. House Natural Resources subcommittee hearing his administration would prefer a consensual deal to bankruptcy, as lawmakers questioned him about delays in completing a $9 billion restructuring at PREPA.The hearing showcased growing
Read more »