Credit: Carlos Anguita The Puerto Rico Ports Authority announced this week plans to establish a new container inspection systems regulation, which is already generating talk among stateside maritime shippers. In a public notice published Tuesday, the agency announced that it will hold a public hearing on Jan. 21 to receive “testimonies and comments” concerning the […]
In a last-ditch effort to raise cash this year, the Puerto Rico Electric Power Authority announced it will be selling $500 million in taxable Build America Bonds before the program’s Dec. 31 deadline to save $130.8 million over tax-exempt borrowing, company officials said Thursday. The rush move responds to the agency’s interest in saving 35 […]
Insurance ratings agency A.M. Best on Wednesday revised its outlook on Cooperativa de Seguros de Vida de Puerto Rico (known as Cosvi for its acronym in Spanish), to positive from stable and affirmed the company's financial strength rating of B- (Fair) and issuer credit rating of “bb-."
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