http://www.nytimes.com/2015/08/05/business/dealbook/puerto-rico-has-another-debt-worry-on-horizon.html?_r=0
After openly acknowledging on Monday afternoon that it had not made a
$58 million bond payment, the government quietly disclosed in a
financial filing later that afternoon that it had temporarily stopped
making contributions of $92 million a month into a fund that is used to
make payments on an additional $13 billion in bond debt. A small payment
from the fund is due on Sept. 1.
Unlike the bond payments that went into default on Monday, the ones
coming due are on general obligation bonds -- the kind many investors
have been led to believe would never go into default because the
issuer's full faith, credit and taxing authority stand behind them.''
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