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Puerto Rico declared on default by Moody's after failing to make debt full payment

Tuesday, August 4th 2015 - 05:35 UTC
Full article 16 comments

Puerto Rico's Government Development Bank announced Monday that it was only able to make a partial payment on its Public Finance Corporation (PFC) debt service due over the weekend. In response to the non-payment of the full service, credit rating agency Moody's said it viewed the situation as a default. Read full article

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  • DanyBerger

    OOPs!

    Where is YankeeBobo to aks him when is going to pay his debt???

    Ha ha...

    Aug 04th, 2015 - 09:00 am - Link - Report abuse 0
  • Brasileiro

    USA in default?

    Aug 04th, 2015 - 09:33 am - Link - Report abuse 0
  • Captain Poppy

    Didn't you guys want that POS of an island, because American's don't. PR.....leave, or pay some fucking taxes.........just like any other LATAM. Unfortunately we mainland taxpayers will end up bailing it out. No wonder only 5% wanted to be independent, they would have to pay their bills. Maybe MNL can buy the bonds and make PR an amusement park island.

    Aug 04th, 2015 - 10:39 am - Link - Report abuse 0
  • yankeeboy

    PR is not part of the USA. Nobody in the USA wants it. We can't seem to get rid of it and they refuse to become independant.
    PR is awful, simply awful, I went 1x to see what it was like and that was enough. The natives can't speak English or Spanish well and 3MM of them have immigrated to the USA over the last decade.
    All that is left there are the lazy stupid ones.

    Horrible horrible place.

    Aug 04th, 2015 - 12:14 pm - Link - Report abuse 0
  • Brasileiro

    Puerto Rico, Maryland ..... horrible places. And the other 49?

    Aug 04th, 2015 - 12:31 pm - Link - Report abuse 0
  • Captain Poppy

    YB is correct....no one wants it otherwise it would have been a state. I say give it to Cuba as a deal. Afterall America fought and paid for those territories from Spain let's give them back to Spain. All those PR's get on a flight start to Holyoke,MAss and straight to the welfare lines.

    What is it with the Latam culture and thinking that they can do anything and not pay the piper for their stupid policies? Maybe the USA should bail them out and take over the island an turn it into a pre-deportation facility. Like Ellis Island only in reverse. I'm sure we can get 10 million on that shithole.

    Aug 04th, 2015 - 12:50 pm - Link - Report abuse 0
  • ElaineB

    @5 Brazilian Gang.

    I have been to Puerto Rico and had a great time there. It was a couple of years ago and at a time when the economy was starting to dive. A lot of patents were running out on pharmaceuticals and they were losing their manufacturing, it was sad. The old town where I stayed was cute and a pleasure to spend time in. The people I met were just lovely to me.

    I was in Maryland last month, I had a few free days so took a break there. It was beautiful. What a great place to go sailing and relax.

    The Brazilian Gang have no idea.

    Aug 04th, 2015 - 01:39 pm - Link - Report abuse 0
  • Captain Poppy

    One step or two out of the tourist area and you might end up having your ass waxed.

    Maryland itself is mostly the chicken farmland of of the USA, a drive along 13 and you can smell the chickens.....Tyson, Perdue and so many more making that eastern shore drive so aromatic. The nice thing in Maryland is the revitalized water district in Baltimore and the Havana.

    Aug 04th, 2015 - 02:17 pm - Link - Report abuse 0
  • ElaineB

    @8 You should try driving down to St. Michael and that area. Beautiful.

    Aug 04th, 2015 - 02:46 pm - Link - Report abuse 0
  • Captain Poppy

    So is Annapolis, but generally I no longer have any reason to be in Maryland. But I do miss that cigar club.

    Aug 04th, 2015 - 03:10 pm - Link - Report abuse 0
  • Brasileiro

    Life is so. A Brazilian singing in Yekaterinburg. Who could imagine that just a few years ago.

    Мир изменился!

    https://www.youtube.com/watch?v=toBq-867xt8

    Aug 04th, 2015 - 08:16 pm - Link - Report abuse 0
  • DanyBerger

    Well seems food is not an issue there and they have a lot of fun...

    https://www.youtube.com/watch?v=Vx0KI50X8kI

    https://www.youtube.com/watch?v=Vx0KI50X8kI

    https://www.youtube.com/watch?v=Vx0KI50X8kI

    https://www.youtube.com/watch?v=Vx0KI50X8kI

    Seen PR's GDP the debt is not an issue and is in better macroeconomic shape than USA.

    Just wonder what Obmama will do because MB in US can be affected by the default of PR as major PR debt holders are Americans funds.

    Aug 04th, 2015 - 11:49 pm - Link - Report abuse 0
  • yankeeboy

    12. Yeah lots of lazy latinos living off the backs of hard working USA citizens.
    That's why they're a failed state.

    Odumbo won't do anything. There's no will to rescue them. We all wish they'd just leave.

    Aug 05th, 2015 - 01:28 pm - Link - Report abuse 0
  • Captain Poppy

    Let the creditors seize PR's assets.

    Funny how well PR's manage themselves. They have the debt of New York state and an economy less than 10% of NY.

    Actually, PR will make a nice deportation island. It really would have been better for more than 5% of the PR's to want independence. But they wanted the status quo, Can't we unleash them? I am sick of my tax money going there and them not paying personal federal income taxes. The USA will be stuck with them like a fucking hemorrhoid.

    Aug 05th, 2015 - 03:50 pm - Link - Report abuse 0
  • yankeeboy

    14. Yes they should. It will go through some sort of bankruptcy. If I am not mistaken PR gets U$14-16B in direct payments from the Fed Gov't. With that tiny population it should be an amazing place.
    Its not
    I'll never ever go back.

    Aug 05th, 2015 - 05:01 pm - Link - Report abuse 0
  • Captain Poppy

    Walk off the streets of Old San Juan and you might get mugged, raped or killed and any combo there of.

    Aug 05th, 2015 - 07:04 pm - Link - Report abuse 0

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