Doral sells $824.4M in non-performing assets at discount
July 15, 2014
Doral Financial Corp. announced Monday it had entered into an agreement to sell some $824.4 million in non-performing loans to Abbey Finance Holdings PR, LLC, for a discounted amount of $369 million.
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S&P lowers ratings for PRASA, GDB bonds
July 15, 2014
Standard & Poor's Ratings Services continued the downgrading streak by credit ratings agencies in recent weeks, by slashing the standing of the Puerto Rico Aqueduct & Sewer Authority and the Government Development Bank on Monday.
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Crowley ships solar vehicle to U.S. student competition
July 15, 2014
Sixteen students from the University of Puerto Rico’s Mayagüez campus will travel to Austin, Texas, for the 2014 American Solar Challenge, a competition that challenges teams of university students to design, build and race solar-powered vehicles.
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