EMTA Special Seminar: Puerto Rico: Scenarios for 2015 (NYC) - Dec 12 Puerto Rico
EMTA Special Seminar: Puerto Rico: Scenarios for 2015 (NYC) - Dec. 12


EMTA SPECIAL SEMINAR: PUERTO RICO: SCENARIOS FOR 2015
Friday, December 12, 2014

EMTA
360 Madison Avenue, 17th Floor
(on 45th St. between Madison and 5th Aves.)
New York City


The authorities in Puerto Rico have faced a daunting task in order to stabilize the Commonwealth's creditworthiness: balance the government budget, improve the public sector's liquidity position, and get the island's economy growing again.  The panel will discuss the extent of progress to date in these areas.  What impact are these policy changes having on the economy’s fundamentals, and is the economy starting to recover?

What additional policy changes should be considered?  Are concerns about the Commonwealth’s cash-flow and solvency situation being ameliorated?  Is the ring-fencing strategy a correct one, and can the Commonwealth expect to pay off this debt?  How likely is a default or preemptive restructuring during 2015?  On the other hand, how likely is a significant rally in central government and development bank bonds?  Is adequate information on the fiscal situation, debt and the economy available on a timely basis to evaluate Puerto Rico government risk?  How is Puerto Rico risk priced relative to other below-investment-grade sovereigns?

What are the prospects for a default-free restructuring of state-owned agencies?  What are the wider implications of the ongoing Doral Financial litigation?  What interventions might the federal government consider to help Puerto Rico?

This timely EMTA Special Seminar will provide an update of the situation and a discussion of economic and financial scenarios for Puerto Rico in 2015.

11:45 a.m. Registration

12:00 noon – 2:00 p.m. Panel Discussion
Charles Blitzer (Blitzer Consulting) – Moderator
Joseph Rosenblum (AllianceBernstein)
Arturo Porzecanski (American University)
Aaron Stern (Fir Tree Partners)
Matthew McGill (Gibson, Dunn & Crutcher)
David Hitchcock (Standard & Poors)

Lunch will be provided

Support provided by Standard and Poors

For recent articles on Puerto Rico, Click Here.
 

 

Registration fee for EMTA Members US$95 / US$695 for non-members / Credentialed Media Complimentary.

Individuals who wish to dial-in should register then contact Suzette Ortiz
(sortiz@emta.org).


REGISTRATION FOR THIS EVENT IS NOW CLOSED. WE LOOK FORWARD TO SEEING YOU AT A FUTURE EMTA EVENT.