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Creditors object to the RSA

The Unsecured Creditors Committee claims that government suppliers and contractors will receive very little with the deal

12 de febrero de 2020 - 11:25 AM

Archival note
This content was published more than 4 years ago.
The JSF noted that Puerto Rico needs to get out of bankruptcy so that companies can acquire capital to expand or create more jobs.
The JSF noted that Puerto Rico needs to get out of bankruptcy so that companies can acquire capital to expand or create more jobs. (gerald.lopez@gfrmedia.com)

Following the silence period imposed by the mediation process, the Unsecured Creditors Committee (UCC) criticized yesterday the Oversight Board by stating that the agreement with certain central government bondholders will be made at the expense of thousands of individuals, workers, health organizations and businesses in Puerto Rico.

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