Puerto Rico Review Credit Negative for Insurers

Renick, Oliver
December 2013
Bond Buyer;12/18/2013, Vol. 122 Issue 34030, p1
Trade Publication
The article offers information that Moody's Investors Service Inc. has reviewed the Baa3-rated general obligation bonds of Puerto Rico for a downgrade for bond insurers Assured Guaranty Ltd. and National Public Finance Guarantee Corp. a subsidiary of MBIA (Municipal Bond Insurance Association) Inc. It states that Moody's has assessed the weakening liquidity and reliance on external short-term debt of the obligation bonds.


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