May 16, 2018 / 12:12 AM / in 8 months

Puerto Rico utility tactically withholding information-bond insurers

Bond insurers for Puerto Rico’s electric utility on Monday asked a court to compel it to turn over information used to craft its fiscal plans, arguing the power producer is holding back to gain an advantage in its restructuring.

“There is no reason to wait on production other than to give creditors less time to examine important information that could help steer the direction of the case,” the insurers said in court papers.

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