|Day's Range||38.07 - 38.80|
|52 Week Range||23.43 - 42.94|
|PE Ratio (TTM)||5.81|
|Dividend & Yield||0.57 (1.47%)|
|1y Target Est||N/A|
MBIA, Assured Guaranty Avoid Losses in Renegotiation of $9 Billion Deal
Puerto Rican power utility PREPA and its creditors have reached a new deal to restructure $8.9 billion in debt through new bonds with longer maturities, the U.S. territory's government announced on Thursday. The agreement, which must be approved by Puerto Rico's federally appointed oversight board, could save $2.2 billion in debt servicing costs over five years, Governor Ricardo Rossello's administration said in a statement. PREPA is seen as a bellwether for Rossello's approach to restructuring Puerto Rico's $70 billion in total debt and leading the island out of a crisis marked by a 45 percent poverty rate and rampant emigration.
With Title VI now looking a pipedream and Title III Restructuring a near certainty in Puerto Rico, Height Securities said in a note released on Monday, the latter would result in significant paid claims ...