High-ranking government officials said Thursday that the decision by Standard & Poor’s a day earlier to slash Puerto Rico’s credit rating to near-junk status was “not a surprise” given the persisting grim economic scenario, but in its analysis the agency is giving the current administration “room to tackle the general fund deficit.”
The Government Development Bank will be hosting a “Puerto Rico Investor Day” event in New York next week, to give backers a one-on-one opportunity to meet with senior members of the island’s fiscal team.
Construction of the $19 million mega project to revamp the busy Caparra Interchange System— where roads PR-2, PR-22 and PR-20 converge in Guaynabo — will begin Monday, local and federal government officials announced Thursday.
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