GDB liquidity down 24% in May to $778.8M
June 16, 2015
The Puerto Rico Government Development Bank released Monday its latest liquidity report showing the agency had $777.8 million left as of May 31, representing a 24 percent drop from the $1.02 billion it had in April.
chat_bubble0 Comment
visibility2680 Views
Senate OKs comprehensive energy subsidies reform
June 9, 2015
The Senate approved Monday Bill 1256, which proposes overhauling energy subsidies and obliges the government to pay its debts to the Puerto Rico Electric Power Authority.
chat_bubble0 Comment
visibility3899 Views
GDB president berates Moody’s’ latest credit downgrade
May 22, 2015
Government Development Bank President Melba Acosta came down hard on Moody’s Investors Service’s decision to downgrade the Commonwealth’s credit rating deeper into junk status by saying the move shows “ratings agencies are totally out of tune with what’s happening” in Puerto Rico.
chat_bubble0 Comment
visibility3132 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
