ISDA mulls Puerto Rico failure to pay credit event
![Puerto Rico PA 230x150](https://assets.euromoneydigital.com/dims4/default/2ffd11e/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F32%2F27%2F3939813c711ee3e98c46174cf315%2Fpuerto-rico-pa-230x150.jpg)
ISDA’s Determination Committee was in its third day of deliberation on Thursday over whether the Commonwealth of Puerto Rico has triggered a failure to pay credit event, following the island having suspended as much as $1bn of general obligation debt payments that it was scheduled to make on July 1.
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