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UPDATE: Puerto Rico's GO debt affirmed by S&P, outlook Negative
March 14, 2014 12:30 PM EDT(Updated - March 14, 2014 12:38 PM EDT)
tandard & Poor's Ratings Services has affirmed its 'BB+' rating on the Commonwealth of Puerto Rico's general obligation (GO) debt, and affirmed the ratings on various general fund-supported and highways and transportation authority debt. At the same time, Standard & Poor's has removed the ratings from CreditWatch, where they had been placed with negative implications earlier this year. The outlook on the debt is negative, reflecting long-term economic and financial trends.
"The removal of the ratings from CreditWatch reflects Puerto Rico's successful sale this week of $3.5 billion of GO... More
