2015 11 11 Puerto Rico Looks Into the Abyss.pdf


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ECONOMIC & CONSUMER CREDIT ANALY TICS

ANALYSIS �� Puerto Rico Looks Into the Abyss

November 2015

Puerto Rico Looks Into the Abyss
Prepared by
Mark Zandi
Mark.Zandi@moodys.com
Chief Economist
Dan White
Daniel.White@moodys.com
Senior Economist
Bernard Yaros
Bernard.YarosJr@moodys.com
Associate Economist
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Abstract
Puerto Rico threatens to fall into an economic abyss. Odds are high and rising that in
a few weeks the territory will default on some of the $70 billion in debt it owes. If U.S.
lawmakers do not act to address this problem, Puerto Rico may very well suffer an
economic depression.