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S&P puts Prasa on downgrade review
Issued: June 30, 2014
Standard & Poor’s Ratings Services has placed the Puerto Rico Aqueduct & Sewer Authority’s revenue bonds (BB+) on CreditWatch with negative...
Firms sue PR govt over Recovery Act
Issued: June 30, 2014
A pair of investment funds have filed suit in federal court against a new Puerto Rico law that allows public corporations to restructure their debt...
Veteran analyst: ‘Real damage’ from Recovery Act will trail PR for years
Issued: June 30, 2014
Puerto Rico’s move to allow its public corporations to undertake a bankruptcy-like process to restructure its debt is a “major departure” from past...
Index: PR economy still shrinking
Issued: June 30, 2014
Puerto Rico’s economy is still shrinking amid an ongoing recession dating back to 2006, according to the Government Development Bank’s latest Economic...
Governor signs debt restructuring law; S&P puts PR on downgrade watch
Issued: June 30, 2014
Gov. Alejandro García Padilla signed legislation Saturday that will let ailing public corporations restructure their debt in a bankruptcy-like process...
National patente changes alarm businesses
Issued: June 30, 2014
Puerto Rico lawmakers are signing off on a plan to amend the so-called national patente tax to apply only to businesses posting more than $3 million...
PR farms grow in size, shrink in number
Issued: June 30, 2014
Farms in Puerto Rico grew fewer and farther between but their size and the amount of acreage in production have increased in recent years, according...
Moody’s downgrades Prasa, Highways because of debt restructuring measure
Issued: June 29, 2014
Moody’s Investors Service has downgraded two of Puerto Rico’s largest public corporations deeper into junk range because of new legislation that would...


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