A power company in Texas is filing for bankruptcy, also known as Chapter 11 bankruptcy protection, after last month's severe winter storm conditions, which left millions of residents in the state without power.
IATA Vice President in Americas, Peter Cerdá said, "Mexican stand to lose" nearly $5.3 billion in income from march to May, as an outcome of a rapid decline in demand for air travel.
David Tawil of Maglan Capital, which owns some of Puerto Rico's debt, stated in an interview earlier in March that he believes the U.S. territory won't default, and that $2-3 billion of financing will quell the financial pressure. Puerto Rico has a deal of fruitful, robust double-digit returns on tax-free bases, but poorly-run finances have lead to its current economic status.
