After failing to identify enough funding to make a $422 million payment due today, Puerto Rico has...Read More
Tag: Municipal Bonds
The New York Times is reporting that federal Treasury officials are taken quiet, but pro-active steps to try and steer Puerto Rico out of the economic mess that it is in. Sigh of relief? From the DealBook: The Treasury...Read More
Following the footsteps of Moody’s, Fitch has announced it has downgraded the bond rating of the Puerto Rico Electric Power Authority to BBB-, leaving one notch above non-investment grade, or junk status. The downgrade is...Read More
At the same time as Puerto Rico is receiving stark news of impending financial troubles from economists and wall street advisers across the board, the Secretary of Economic Development and Commerce Alberto Baco is dismissing...Read More
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