Posts by Jim Noble, Portfolio Manager-Municipals, Principal Global Fixed Income

Puerto Rico Has Some Wiggle Room For Now, but Will It Be Enough?

In the realm of municipal bonds, the enormous problems facing Puerto Rico are well-known: part Greece, part California, and part dodo bird.  There is no possible way that the commonwealth rebounds…the financials are a disaster…these are comments we’ve heard ad nauseam. These comments,…

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Puerto Rican Muni Bonds in the Press – Getting the Full Story?

With the recent news surrounding the Detroit bankruptcy lingering in investors’ minds, the Commonwealth of Puerto Rico has recently been the focus of industry press. The pieces tend to focus on many of the credit negatives of the commonwealth that have been known in the credit community for a…

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