More than a year after warning about the possibility, Standard & Poor's Ratings Services on Tuesday made good on its word and cut its rating of Puerto Rico’s general obligation debt to 'BB+' from 'BBB-,' ...
Puerto Rico Treasury Secretary Melba Acosta-Febo said Monday that the General Fund collected $925 million in net revenues during December 2013, $12 million higher than the preliminary figure announced in early January.
Ingrid Vila Biaggi, chief of staff to Puerto Rico Governor Alejandro García-Padilla, announced today that a balanced budget for the 2014-2015 fiscal year will be introduced in the coming weeks.