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Friday, December 19, 2014

Cuba's Tourism Gain Will Be Puerto Rico's Loss Says Analyst

Puerto Rico's economy will suffer when more U.S. travelers are allowed to visit Cuba as economic barriers are loosened, according to Belle Haven Investments, which manages $2.4 billion of municipal debt. "Cuba is poised to become the next hot spot destination which will attract tourists who now travel to Puerto Rico," Matt Dalton, chief executive officer, and Tamara Lowin, director of research, at the White Plains, New York-based firm, wrote in a report today.

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