Tag: Puerto Rico Aqueduct and Sewer Authority
The troublesome economic news for Puerto Rico will not stop. Following a report by Barron’s on the territory’s fiscal woes, several publications have jumped on the bandwagon, reporting on the $70 billion in debt, and...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
Yesterday Moody’s announced its downgrade of the Puerto Rico Electric Power Authority bond ratings from a Baa2 to Baa3 classification, with a negative outlook. Moody’s rationale for the downgrade is the belief that...Read More
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