David Tawil of Maglan Capital, which owns some of Puerto Rico's debt, stated in an interview earlier in March that he believes the U.S. territory won't default, and that $2-3 billion of financing will quell the financial pressure. Puerto Rico has a deal of fruitful, robust double-digit returns on tax-free bases, but poorly-run finances have lead to its current economic status.
The U.S. territory of Puerto Rico's financial state has recently been under scrutiny, with rumors of bankruptcy swirling about, but leaders insist that the island will be just fine without a U.S. federal intervention and that it won't default on its debts.
Puerto Rico, known for its beautiful beaches and the charm of Old San Juan, has a lot more going on than its tourist spots; it's an island that is facing a major debt crisis and it's in need of a U.S. economic boost.
