TITLE

Puerto Rico PFC Downgraded to D by S&P

PUB. DATE
August 2015
SOURCE
Bondbuyer.com;8/4/2015, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the downgrade of Puerto Rico Public Finance Corporation bond series 2011A, 2011B and 2012 2A bonds from CC to D by Standard & Poor's Ratings Services on August 3, 2015. Topics discussed include payment default on the bonds as of close of business on August 3, partial payment of 628,000 U.S. dollars in interest payment and investors' negative perception of Puerto Rico's willingness to pay debt.
ACCESSION #
108780072

 

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