Press Room

The Bond Buyer: Michael Ginestro was quoted in the article, “Why Puerto Rico’s Fiscal Plan Debt Allotment May Be Negotiated.”

“Why Puerto Rico’s Fiscal Plan Debt Allotment May Be Negotiated” by Robert Slavin, The Bond Buyer.

Bel Air Investment Advisors’ director of municipal research, Michael Ginestro, was more positive about the plan, saying: “Amounts allocated to debt service across the Puerto Rico capital stack were lower than they were under the previously proposed [Rosselló] plan. But there is still a lot of uncertainty going forward in terms of other revenues that could come in that aren’t part of the plan. It’s good they came to an agreement, but there is a lot of work to do.”

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