Casals Festival to downsize again next year
March 20, 2014
The Casals Festival, the yearly musical fest founded by cellist Pablo Casals, closed its 58th season on March 15 with a sold-out performance by André Watts. The 2015 season is already in the works but one thing is certain: expect more downsizing.
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GDB plans to issue debt in March via ‘speculative’ deal
February 19, 2014
The Puerto Rico government is paving the way for a general obligation bond sale next month through which it seeks to raise as much as $3.5 billion to improve the Government Development Bank’s liquidity, high-ranking administration officials said Tuesday.
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S&P slashes Puerto Rico rating to junk; gov’t reacts
February 5, 2014
More than a year after warning about the possibility, Standard & Poor's Ratings Services on Tuesday made good on its word and cut its rating of Puerto Rico’s general obligation debt to 'BB+' from 'BBB-,' pushing it to the highest junk level status.
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