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Puerto Rico announces huge, historic $70B debt restructuring

Puerto Rico announces huge, historic $70B debt restructuring

Puerto Rico's governor has announced a historic restructuring of a portion of the U.S. territory's $70B debt through courts after negotiations with bondholders failed.
Puerto Rico requests unprecedented bankruptcy protection for $70B debt

Puerto Rico requests unprecedented bankruptcy protection for $70B debt

A federal district court judge will now be in charge of determining how Puerto Rico's debt will be restructured.