• Capstone has been following the fiscal and economic crisis facing the Commonwealth of Puerto Rico for over the past four years.


  • We have met with dozens of policymakers in both San Juan and Washington on issues related to Puerto Rico.
  • Our coverage of the situation has included both a detailed look at the credit fundamentals of most of the Commonwealth’s various bond issuers as well as more macro-level analysis on various federal and local policies.


  • We provided investors with our view on how lawmakers would create such a restructuring process.
  • Our coverage has transitioned into both following the restructuring process and providing insights as to how various policy developments could positively or negatively impact investors.
- Capstone LLC -

Washington DC

-Capstone Research Limited-