Puerto Rico will default this year. Puerto Rican government is $73 billion in debt, similar debt to New York — a very large state economy — but it only has the population of Connecticut.

Created by Raahul_Kumar on 2015-07-07; known on 2015-12-27; judged right by Raahul_Kumar on 2015-08-04.

• Raahul_Kumar estimated 100% on 2015-07-07
• Raahul_Kumar estimated 100% and said “Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’http://www.nytimes.com/2015/06/29/business/dealbook/puerto-ricos-governor-says-islands-debts-are-not-payable.htmlIt’s all over except for the crying.” on 2015-07-07
• Raahul_Kumar said “Moody’s agrees that the risk of default is 100% and S&P’s says ‘imminent default’.http://www.reuters.com/article/2015/07/17/usa-puertorico-moodys-idUSL2N0ZX24Z20150717” on 2015-07-20
• btrettel said “That article says “approaching 100 percent”, which is not 100%.” on 2015-07-20
• Raahul_Kumar said “Moody’s says Puerto Rico has defaultedStandard and Poor’s separately classified the lack of payment as a default, lowering the Public Finance Corporation debt to a “D” rating from “CC”.https://tinyurl.com/ovdsdtn” on 2015-08-04
• Raahul_Kumar   judged this prediction right on 2015-08-04.