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Rating agencies say they cannot raise the city’s credit rating yet
Seven members will have final say over island’s budget as part of restructuring of $69bn obligations
Unfunded liabilities in this sector are worse than for pensions, warns Robert Pozen
The island is setting a precedent for how to handle defaults of US municipal bonds, says John Dizard
Huge problem of underfunding of retirement plans is crippling many cities and states
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