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The plan protects the area against litigation by its creditors, but does not do adequate to avoid standard.

The plan protects the area against litigation by its creditors, but does not do adequate to avoid standard.

A financial relief package built to save Puerto Rico from default does more for wealthy bondholders than it will for the island’s struggling residents. A recently enacted rescue package to deal with the crisis that is fiscal Puerto Rico passes the name PROMESA, or promise, nevertheless the debt-relief plan just isn’t a good deal for the Puerto Rican individuals.

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