There have already been protests over the austerity measures.[i][j] These events, along with a series of governmental financial deficits and a recession, have led to Puerto Rico's current debt crisis.
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Distressed securities are securities over companies or government entities that are experiencing financial or operational distress, default, or are under bankruptcy. As far as debt securities, this is called distressed debt. Distressed Debt Analysis: Strategies for Speculative Investors. J. Ross Publishing. ISBN 1-932-15918-5 .
