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Home>Standard & Poor's Downgrades Puerto Rico

Standard & Poor's Downgrades Puerto Rico

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Sat, 12 Jul 2014

By Josh Beckerman Standard & Poor's Ratings Services on Friday lowered its general obligation rating for Puerto Rico one notch to BB--two notches into junk status--from BB+. The ratings firm said, although it views the recent enactment of a fiscal 2015 budget that "significantly improves structural
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