S&P Puts Puerto Rico on CreditWatch

Cataldo, Adam L.
March 2006
Bond Buyer;3/23/2006, Vol. 355 Issue 32345, p4
Trade Publication
The article reports that Standard & Poor's has placed Puerto Rico's BBB rating for general obligations debt and related ratings on CreditWatch negative. The ratings agency cited the commonwealth's more than $1 billion structural budget imbalance. The absence of additional revenues raises an S&P analyst's concern about the capacity of Puerto Rico to close its structural deficit.


Related Articles

  • The Point of No Return.  // Caribbean Business;11/17/2005, Vol. 33 Issue 45, p26 

    The article comments on Puerto Rico's effort to prevent the further downgrade of its credit rating. A delegation of Puerto Rico government officials will travel to New York to meet with rating agencies Moody's Investors Service Inc. and Standard & Poor's Corp. The delegation will be headed by...

  • NORTH CAROLINA: Harnett Water Bonds Boosted. DeSue, Tedra // Bond Buyer;7/31/2008, Vol. 365 Issue 32930, p9 

    The article reports on the upgrade made by Standard & Poor's Corp. on its rating for Harnett County's 2007 water and sewer system revenue bonds from A to AA-minus in North Carolina. The agency also applies modern rating for the county's taxable enterprise system revenue bonds. Linda Yip, the...

  • A positive downgrade?  // Caribbean Business;5/31/2007, Vol. 35 Issue 21, p24 

    The author reflects on Standard and Poor's Corp.'s (S&P) credit rating of the Puerto Rico's general obligation bonds. According to the author, S&P downgraded the credit rating of the Commonwealth's general obligation bonds. The author shares the S&P reasons for downgrading the ratings of the bonds.

  • CALIFORNIA: Deficit May Be on Horizon. Saskal, Rich // Bond Buyer;12/7/2007, Vol. 362 Issue 32769, p9 

    The article reports that according to Standard & Poor's Corp., slowdown in state revenues could result in politically difficult budget adjustments to maintain positive budgetary reserves, with a possible return to a deficit fund balance position on the horizon in California. The state budgeted a...

  • New Jersey Placed on CreditWatch Negative by S&P.  // Bond Buyer;6/3/2014, Vol. 1 Issue 34119, p1 

    The article informs that Standard & Poor's Ratings Services has placed its ratings on New Jersey's general obligation, appropriation-backed, and moral obligation debt on CreditWatch with negative implications. It mentions that S&P could lower the rating within two-three months depending on the...

  • COLORADO: Nice View in Boulder. Williamson, Richard // Bond Buyer;10/7/2008, Vol. 366 Issue 32977, p9 

    The article reports on the AA-minus to AA upgrade made by Standard & Poor's Corp. to Boulder County's debt in Colorado. The rating agency's move came with a $40 million issue that priced before the credit market went into deep freeze. The ratings reflect the county's very strong financial...

  • OKLAHOMA: Water Utility Earns AAA. Watts, Jim // Bond Buyer;10/7/2008, Vol. 366 Issue 32977, p9 

    The article reports that Standard & Poor's Corp. has raised its rating on the debt of Oklahoma City Water Utility Trust to AAA from AA-plus in Oklahoma. The rating reflects the rating agency's recognition of the utility's role as a regional wholesale water supplier and its significant liquidity...

  • BBVA Watch.  // Caribbean Business;7/27/2006, Vol. 34 Issue 29, p13 

    The article presents the economic and financial review of the BBVA for the week ended July 27, 2006. Standard & Poor's and Moody's maintained a negative outlook on Puerto Rico, but indicated that there would not be a downgrading of the government's credit rating. A decrease in non-farm payroll...

  • Raters Want of NTTA Downgrade. Williamson, Richard // Bond Buyer;7/2/2007, Vol. 361 Issue 32662, p1 

    The article reports that the three rating agencies, Moody's Investors Service Inc., Fitch Ratings Inc. and Standard & Poor's Corp., are downgrading the North Texas Tollway Authority's (NTTA) $1.39 billion of outstanding bonds based on the plan of NTTA to triple its debt to finance a toll road...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics