The Puerto Rico Government Development Bank today issued a 300-page “Financial Information and Operating Data report. Most of the information in the report is as of June 30, 2016, the end of Puerto Rico Fiscal Year 2016. Although extensive in scope, the report does not provide full information on some of the Government’s corporations, as it explains:
“Although this Report contains information about certain of the Commonwealth’s public corporations, it is not intended to provide full disclosure about the financial condition or operations of such public corporations, whether individually or in the aggregate. The Commonwealth makes no representation about the accuracy or completeness of the information relating to the Commonwealth’s public corporations contained in this Report. Readers of this Report should not rely on it for purposes of making investment decisions with respect to the Commonwealth’s public corporations.”
Read the full text of the report here.