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The Puerto Rican government-debt crisis was a financial crisis affecting the government of Puerto Rico. [a] The crisis began in 2014 when three major credit agencies downgraded several bond issues by Puerto Rico to "junk status" after the government was unable to demonstrate that it could pay its debt.
Puerto Rico is one step closer to resolving its nearly five-year bankruptcy battle after a federal judge approved a restructuring plan that would reduce the
Puerto Rico’s nearly five-year bankruptcy battle is ending after a federal judge on Tuesday signed a plan that slashes the U.S. territory’s public debt load as part of a restructuring and ...
Puerto Rico’s nearly five-year bankruptcy battle is ending after a federal judge on Tuesday signed a plan that slashes the U.S. territory’s public debt load as part of a restructuring and ...
In 2007, the Trump Organization took over the management and licensed Trump's name to the 4-year old, 36-hole oceanfront golf course at Coco Beach, Puerto Rico. It hosted the 2008 PGA Puerto Rico Open, but the club kept losing money and in 2015 filed for bankruptcy protection. [19] [20]
In golf, a hole in one or hole-in-one occurs when a ball hit from a tee to start a hole finishes in the cup. The feat is also known as an ace, mostly in American English.As the feat needs to occur on the stroke that starts a hole, a ball hit from a tee following a lost ball, out-of-bounds, or water hazard is not a hole-in-one, due to the application of a stroke penalty.
Puerto Rico’s government formally exited bankruptcy Tuesday, completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay ...
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