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Government
Fitch keeps ‘watch negative’ over PRASA liquidity issues
Contributor January 8, 2015

In accordance with its practice of regularly reviewing ratings on Rating Watch, credit ratings agency Fitch Ratings announced Wednesday it will maintain its “Rating Watch Negative” status on $3.4 billion of outstanding Puerto Rico Aqueduct and Sewer Authority senior lien revenue bonds.

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In-Brief
FirstBank grants $2M loan to Deya Elevator Services
Contributor January 8, 2015

FirstBank announced Wednesday the approval of a $2 million loan to Deya Elevator Services Inc., a Puerto Rican firm that specializes in vertical transportation, namely elevators, linear transports and ramps.

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In-Brief
AT&T launches ‘rollover’ plan — this time for data
Michelle Kantrow-Vázquez January 8, 2015

Wireless carrier AT&T announced Wednesday it is bringing back its “Rollover” concept — introduced initially for minutes of talk time — but this time for data.

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QUOTE OF THE WEEK:

“The budget illustrates that the fiscal responsibility we instilled in previous years puts the Commonwealth in a better position to respond to the changing federal funding landscape. 

 

Like many states, municipalities and territories across the U.S., we may have to revisit the budget with the Governor and Legislature if federal funding levels change.”

 

— Robert Mujica, executive director, Financial Oversight and Management Board for Puerto Rico

 

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