May 14, 2018 / 1:22 PM / in a month

BRIEF-Puerto Rico Oversight Board Says Proposed G.O.-COFINA Settlement Does Not Align With Island's Fiscal Turnaround Plan

May 14 (Reuters) - Financial Oversight and Management Board for Puerto Rico:

* PUERTO RICO OVERSIGHT BOARD SAYS PROPOSED G.O.-COFINA SETTLEMENT DOES NOT ALIGN WITH THE ISLAND’S FISCAL TURNAROUND PLAN - STATEMENT FROM BOARD

* PUERTO RICO OVERSIGHT BOARD SAYS PROPOSED TERMS WOULD CREATE “LARGE AND RECURRING STRUCTURAL DEFICITS” - STATEMENT

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