BlackRock: What Puerto Rico’s Downgrade Means for Investors
February 05, 2014 at 14:19 PM EST
Puerto Rico has been making headlines for months. Yesterday, the clincher finally appeared: S&P downgraded the island’s debt to “junk” status. What does it mean for the municipal bond market? After all, given the triple-tax-exempt status of Puerto Rico bonds, they are widely held by muni...