n">(Reuters) - Puerto Rico's turquoise Caribbean waters lap white sandy beaches under year-round sun, making the island a safe place to relax. But beyond its shoreline, U.S. investors see a threatening view, a tropical version of a near-bankrupt industrial city - Detroit, whose stressed finances are run by a state-appointed manager. "A lot of the same drivers that have been going on in Detroit are at work in Puerto Rico," said Robert Donahue, of Municipal Market Advisors, Inc, pointing to an underfunded government pension system, a shrinking population, heavy borrowing and an eroding tax base. Credit agencies hold Puerto Rico debt just a step above the junk level with a negative outlook,...
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