Many bond investors have viewed Puerto Rico’s new governor, Ricardo Rosselló, as a likely ally in their fight to get repaid. Now that hope is starting to dwindle. Rosselló wrested control Friday of negotiations over the only bond restructuring agreement Puerto Rico has reached thus far, a $9 billion deal struck in 2015 covering a public electricity utility known as Prepa, and is preparing to change terms of the deal, people...

Source: Wall Street Journal January 27, 2017 14:11 UTC