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Title III positive for PREPA

The leaders of the private sector and former representatives of consumers in the PREPA Governing Board concur over that matter

2 de julio de 2017 - 9:38 AM

Archival note

This content was published more than 7 years ago.

Last friday, governor Ricardo Rosselló Nevares asked for a process of debt adjustments under Title III for PREPA to the Board, which authorized it that very same day.

By Ricardo Cortés Chico

ricardo.cortes@gfrmedia.com

The government and the Oversight Board determination to request a process of debt adjustment under the Title III of PROMESA for the Puerto Rico Electric Power Authority (PREPA) opens the possibility to achieve greater relief than initially expected in the agreement between the public corporation and the bondholders.