Search This Blog

Showing posts with label Puerto Rico's bonds. Show all posts
Showing posts with label Puerto Rico's bonds. Show all posts

2/06/2014

Puerto Rico's credit rating cut to junk by S&P

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.