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Puerto Rico makes payment; monolines higher

Dec. 01, 2015 11:53 AM ETMBIA Inc. (MBI) StockMBI, AGO, AMBCBy: Stephen Alpher, SA News Editor43 Comments
  • The Government Development Bank for Puerto Rico paid all principal and interest due today on certain of its notes.
  • "Today’s debt service payments reflect our commitment to honor our obligations notwithstanding the extreme fiscal challenges we face in an effort to facilitate a voluntary restructuring process with our creditors,” says GDB President Melba Acosta Febo.
  • MBI +6.3%, AGO +2%, AMBC flat (was down earlier).

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