A.M. Best: P.R.’s insurance sector hit by debt crisis
August 11, 2015
Although most insurance carriers in Puerto Rico maintain sufficient capital to support lower bond ratings given their adequate capital positions and manageable exposures to the Puerto Rico municipal bond market, there will be circumstances where rating actions may have to be taken, ratings agency A.M. Best said.
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Bond insurers get ‘Stable’ outlook despite P.R. exposure
July 7, 2015
Assured Guaranty Municipal and National Public Finance Guarantee, two bond insurers with exposure to Puerto Rico, recently received AA+ Stable Outlook ratings from Kroll Bond Rating Agency, which gave them favorable grades despite their risk.
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A.M. Best: P.R.’s economic struggles an ongoing challenge
July 6, 2015
Puerto Rico bonds have historically been well-received at issuance as they are triple tax-exempt, offering an alternative to investors that are free from local, state and U.S. federal taxes.
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