Fitch Ratings announced Thursday it has downgraded the Commonwealth of Puerto Rico's general obligation and related debt ratings to 'B' from 'BB-' and placed them on Rating Watch Negative.
A number of prominent private-sector leaders expressed their support Tuesday of Senate Bill 837, which proposes to create the Puerto Rico Energy Regulatory and Oversight Commission to, among other things, begin reeling in local electricity costs.
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QUOTE OF THE WEEK:
“This anniversary is not only a celebration of what we’ve done but of where we’re headed.”
— René De la Cruz, founder of De la Cruz Ogilvy, marking the agency’s 40-year milestone
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