When all is said and done, economic growth is essential for Puerto Rico bond holders. Other than first lien Cofina debt and shorter maturing second lien Cofina debt, we see other debt holders at risk if the economy is not stabilized. The current legislature are making significant steps towards balancing their budget. It is imperative that the administration induces some job creation from the Bio Tech, Pharmaceutical, and Tourist industries. it is good news that the US Feds are helping the PR legislature.