A.M. Best announced it has placed under review with negative implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of “a-” of Cooperativa de Seguros Multiples de Puerto Rico.
Popular intends to use the net proceeds from the offering plus available cash to redeem $450 million aggregate principal amount of its outstanding 7.00 percent Senior Notes.
Oriental announced an alliance with renewable energy company, WindMar Home, to offer —the first time in Puerto Rico — financing for solar energy products.