Comments on: Puerto Rico’s moral hazard http://blogs.reuters.com/muniland/2013/10/03/puerto-ricos-moral-hazard/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: BBrite http://blogs.reuters.com/muniland/2013/10/03/puerto-ricos-moral-hazard/comment-page-1/#comment-2313 Thu, 03 Oct 2013 20:55:48 +0000 http://blogs.reuters.com/muniland/?p=13096#comment-2313 I have purchased some PUERTO RICO AQUEDUCT AND SEWER AUTHORITY REVENUE BONDS (BB+) [long bonds @ ~7% yield between 07/19/13 and 07/29/13] based on the assumption that Water/Sewer “Revenue” bonds are safer than General Obligation bonds. Does my assumption hold any water?

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