IEEFA Puerto Rico: What does LIPA’s $7 billion bond deal tell us about PREPA’s $8 billion deal?

Many comparisons have been made between the Puerto Rico Electric Power Authority (PREPA)’s debt restructuring process and that of the Long Island Power Authority (LIPA) twenty years ago. The $7 billion LIPA municipal bond deal and the $8 billion Puerto Rico Electric Power Authority (PREPA) municipal bond deal are two of the largest such deals […]