Almost exactly a year to the day when Moody’s Investors Service cut Puerto Rico’s credit to Baa3, the New York-based agency placed the island’s general obligation rating on review for downgrade.
Construction will resume on a project announced in October 2007, known as the Science City in Río Piedras, to provide Puerto Rico with the infrastructure to compete globally in the research industry and the development of new cancer treatments, Gov. Alejandro García-Padilla said Wednesday.
The owners of the Taco Maker chain in Puerto Rico are setting their sights on other markets on the U.S. mainland and in Central and Latin America to fuel growth in 2014, when the company also plans to expand on a newly introduced modular restaurant concept they believe is the cornerstone to successfully bucking local economic conditions.
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