Puerto Rico governor, bondholders divided on PREPA deal
Governor Ricardo Rossello (L) talks with reporters after a speech in San Juan, Puerto Rico, March 9, 2017. REUTERS/Nick Brown/ WASHINGTON (Reuters) - Puerto Rico's governor told U.S. lawmakers on Wednesday the island's struggling power utility, PREPA, could undergo an in-court restructuring process akin to U.S. bankruptcy if a consensual deal with creditors cannot be achieved. Governor Ricardo Rossello said at a U.S. House Natural Resources subcommittee hearing his administration would prefer a consensual deal to bankruptcy, as lawmakers ...
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