Standard & Poor's announced Tuesday that it had cut Puerto Rico's credit rating to junk, as the island's government struggles to get its finances in order.
Puerto Rico, a U.S. commonwealth, faces $70 billion in debt and has been teetering on the edge of default in recent months.
The Group of Twenty Finance Ministers and Central Bank Governors (G-20, G20, Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank.
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Showing posts with label Puerto Rico's bonds. Show all posts
Showing posts with label Puerto Rico's bonds. Show all posts
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