Puerto Rico Sen. Álvarez-Conde’s measure would prioritize closed schools. #NewsismyBusiness
The Puerto Rico Public Buildings Authority’s high level of indebtedness — estimated at $4.2 billion — and whether it has repayment capacity, could make it an “easy target” for credit ratings agencies, local analyst firm REOF Capital concluded in a recently released report.
Gov. Alejandro García-Padilla on Thursday submitted to the Public Buildings Authority board the appointment of engineer Ángel L. González-Carrasquillo as the new executive director of that government agency.
The Government Development Bank confirmed Thursday that the Puerto Rico Public Buildings Authority completed the refinancing of $588.9 million in bonds through a placement in the exempt market.
The Public Buildings Authority sold more than $1 billion in bonds in the Puerto Rico and U.S. markets within the last week, which it will use to build and upgrade some 100 public schools and repay a credit line it has with the Government Development Bank, GDB President Juan Carlos Batlle said Wednesday.
For the second time this year, the Public Buildings Authority has awarded a contract to New York-based utiliVisor to monitoring energy consumption levels at government centers in Aguadilla and Caguas, as well as the Police Department’s Hato Rey headquarters.
“En 2025, Puerto Rico alcanzó nuevas cotas, reafirmando el lugar de la isla como uno de los principales destinos turísticos mundiales. destino. Más allá de los hitos y los momentos destacados, el poder de Puerto Rico reside en su ritmo: la fusión de la historia, la brillantez culinaria y la energía cultural.”
— Storm Tussey, director de mercadotecnia, Discover Puerto Rico

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