Puerto Rico partially defaults
Puerto Rico partially defaults After failing to identify enough funding to make a $422 million...
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Tag: Municipal Bonds
Treasury Officials Increase Efforts With Finances of Puerto Rico
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 MoreFitch also downgrades PREPA bond ratings
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 MoreThe Government of Puerto Rico knows best
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...
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