Sentences with phrase «moratorium on any debt payment»
He also called for a moratorium on debt payments.
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That act grants the governor the authority to declare a moratorium on any debt payment he deems necessary.
Not exact matches
Last month, Kevyn Orr, a bankruptcy lawyer named to restructure Detroit's debts, declared a «moratorium» on some interest payments.
However, Garcia Padilla declined to exercise his authority to declare a moratorium on GDB's own $ 422 million May 1 debt payment, citing continuing restructuring talks between GDB and its creditors.
The debt moratorium will cause Puerto Rico to default; but the missed payments, as per the bill, will still be due when the moratorium ends, said Daniel Hanson, an analyst at Height Securities, a research firm that focuses on geopolitical and regulatory investment risk.