banks and has affirmed the Long-term Issuer Default Ratings (IDR) for Doral Financial Corp. (DRL) at 'C and Popular Inc . (BPOP) at 'BB-' and First BanCorp (FBP) at 'B-'. The Rating Outlook is Stable for BPOP and FBP. A full
March 1 (Reuters) - Puerto Rico-based lender Popular Inc said it would a sell $568 million portfolio of non-performing loans to a joint venture between Caribbean Property Group and funds affiliated...
issues do not represent long-term headwinds. New Positions A new position was initiated in foreign regional bank Popular , Inc . which serves retail and institutional customers in Puerto Rico and the United States. The position was eliminated
responded negatively to European concerns and general anxiety regarding sluggish capital markets activity. Regional bank Popular , Inc . was negatively impacted as investors reduced their financial exposure in response to the European debt situation
insurers lead pricing higher. Eliminated Positions During the quarter, we eliminated our position in regional bank Popular , Inc . , which was sold for tax loss purposes.