Moody’s Investor Service on Monday said the proposed $450 million in cuts to the University of Puerto Rico over the next three fiscal years are “credit negative because they will be very difficult for the university to absorb.”
S&P Global Ratings on Thursday removed its CreditWatch negative placement on Autopistas Metropolitanas de Puerto Rico, LLC and affirmed its 'BBB-' rating on the company’s $435 million senior secured notes due 2035. The outlook is negative.
Flanked by dozens of producers, artists, entrepreneurs and employees, Ticket Center — a local business dedicated to selling entertainment and sporting events in Puerto Rico — marked its 20th anniversary by inaugurating Tuesday its new facilities at La Terraza at the Plaza Las Americas mall in Hato Rey.
Grupo Guayacán Inc. (GGI) announced Monday the official kick-off of its EnterPRize Business Competition which provides startups with access to an educational curriculum including workshops, mentoring, coaching, and the opportunity to compete for more than $100,000 in equity free seed capital from GGI and a group of corporate partners.
The Puerto Rico Football Club is gearing up to start its second regular season, hosting more local games than last year, as team owners look to boost the visibility and performance of the young member of the North American Soccer League.
Grupo Guayacán, Inc. (GGI) announced Wednesday the start of their annual call for applications for the 9th edition of the Guayacán Venture Accelerator (GVA), an entrepreneurial education and development program for established companies seeking new growth opportunities.
This summer, Piloto 151, Puerto Rico’s first coworking space, will open a second location in the heart of Santurce with an undisclosed investment from fund RioBlanco Capital Management.
Sotheby’s International Realty is growing in the Caribbean with the establishment of a new office in Puerto Rico and the signing of a new partner in the Dominican Republic, the luxury real estate firm announced this week.
The Public-Private Partnerships Association, a newly created organism that seeks to incentivize collaboration between the government and private sector on infrastructure projects, was formally unveiled Thursday.
The COFINA Seniors Coalition on Wednesday filed a motion to join litigation already pending in the U.S. District Court in Puerto Rico — Lex Claims, LLC et al. v. Garcia-Padilla et al. — to expose what they called “meritless, self-serving claims brought by a litigious faction” of General Obligation ("GO") bondholders.
Antonio J. Ramos, founder of Parknet, a technology company focused on controlled entry systems, was selected as winner of the local edition of the Global Student Entrepreneur Awards (GSEA) during a ceremony late last week.
Investing in Puerto Rico has become one of those polarizing topics that generate much controversy and distrust.
Ankura Consulting Group announced Tuesday the opening of its 11th business advisory and expert services consultancy office, located in San Juan.
In the coming months, the Commonwealth of Puerto Rico will default on bonds issued by its Employees Retirement System following the steady depletion of the bonds' debt service reserves, Moody’s predicted.
Atlas Asset Management recently launched an investment fun to give Puerto Rico residents the option to divest their savings in an instrument that is not tied to government debt.
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