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How Much Does Puerto Rico Owe? 4 Charts That Put Puerto Rican Debt in Perspective

Friday, March 17, 2017 12:49
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(Before It's News)

The long-anticipated Puerto Rican debt crisis kicked into full gear in August 2015 when the island revealed it made only 1% of a $58 million debt-service payment – marking the largest municipal default in U.S. history.

The missed payments continued in 2016, including a default on a $422 million payment on May 2.

So now, in 2017, exactly how much does Puerto Rico owe?

These charts break it down, putting into perspective the huge amount Puerto Rico must pay off in this ongoing saga…

Tags: Puerto rico debt

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The post How Much Does Puerto Rico Owe? 4 Charts That Put Puerto Rican Debt in Perspective appeared first on Money Morning – We Make Investing Profitable.

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