Ad Hoc Group of Puerto Rico’s General Obligation Bondholders Reacts to Governor...

Ad Hoc Group of Puerto Rico’s General Obligation Bondholders Reacts to Governor Garcia Padilla’s Latest Fiscal Plan



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WASHINGTON, Oct. 14, 2016 /PRNewswire-HISPANIC PR WIRE/ — Today, the Governor of Puerto Rico released a revised Fiscal Plan and made a presentation to the recently appointed Oversight Board. In response, the Ad Hoc Group of Puerto Rico’s General Obligation (GO) Bondholders released the following statement: 

“In his new fiscal plan and his remarks to the Oversight Board, Governor Garcia Padilla continued to demonstrate a wholesale disregard for fiscal soundness, factual accuracy, and his obligations under PROMESA and Puerto Rico’s Constitution. We look forward to working with the Oversight Board and the next Governor to reach a solution for Puerto Rico.” 

Ad Hoc Group of Puerto Rico’s General Obligation Bondholders Reacts to Governor Garcia Padilla’s Latest Fiscal Plan