Puerto Rico Bond Prices Fall as Hurricanes Add to Island's Troubles

Cheryl Sanders
September 21, 2017

Her brother, sister and their families are still there and rode out the storm.

But some analysts and advisers to Puerto Rico bondholders also said Wednesday that a massive hurricane recovery effort could help stimulate economic growth on the island.

"I have been trying to get in contact with my grandmother and the phone service is out due to the hurricane", says Pedro.

It's the cryptic call Lynnet Figueroa got from one of her several family members who are sitting in the path of Hurricane Maria.

Even before Hurricane Maria slammed into Puerto Rico early Wednesday, thousands of people had been without electricity for two weeks, since Hurricane Irma passed by the island's northern coast.

The collection bins will be as much a presence as the music, dancing, and food still to come as Puerto Ricans celebrate their heritage while confronting a challenge back home. "This is the worst storm I've seen", he told us. "The difficulty is not knowing when we're going to be able to communicate with them again to assure us that they're alright", Rodriguez said. "We had a direct hit", Davila said.

"Just praying just hoping that they are safe", said a tearful Victor Leandry, the executive director of El Centro in Lorain.

"I have found out what's going on through 'Noticentro.' The are saying Puerto Rico is 100 percent without power and some places will be like that for four to six months", she said. For others riding out the storm there now, the agonizing wait for power and aid continue as they hunker down for another sleepless night.

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