Quotes from the news wire:
The reality is that for all of the negative catalysts that lie ahead, credit markets and insurers are relieved that they now get to deal with adults, that is talk with a control board, rather than the governor and his staff.
– Height Securities analyst Daniel Hanson
Found on Reuters 8 years ago
Dealing with PROMESA allows the insurers to trade some payments in the short-run for higher recoveries in the long-run. Ultimately that is a better business proposition for them than having to continue to limp along and never reach a deal.
– Height Securities analyst Daniel Hanson
Found on Reuters 8 years ago
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