Author Archives: Jonathan Chirunga

About Jonathan Chirunga

Jonathan Chirunga is Vice President at Pioneer Investments. He is Portfolio Manager for Pioneer High Income Municipal Fund and Pioneer AMT-Free Municipal Fund. Jonathan joined Pioneer Investments in 2011.

Puerto Rico Bonds Part II: Understanding the Volatility

Follow-up to February’s article Puerto Rico: A Delicate Balancing Act.  In June of 2014 the Commonwealth of Puerto Rico’s legislature passed the Puerto Public Corporations Debt Enforcement and Recovery Act (the Act) for restructuring the outstanding debt of public corporations. Its passage got … Continue reading

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Puerto Rico: A Delicate Balancing Act

Recently, the commonwealth of Puerto Rico’s credit ratings were downgraded by each of the three rating agencies to “below investment grade” status. This is significant, since no other state or state-equivalent territory of the U.S, carries a below investment grade … Continue reading

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