TITLE

S&P Puts Puerto Rico on CreditWatch

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/23/2006, Vol. 355 Issue 32345, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
20289388

 

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