Óptima Seguros gets credit ratings upgrade from AM Best
April 18, 2025
The upgrades reflect a revision of Óptima’s operating performance assessment from adequate to strong. #NewsismyBusiness
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AM Best assigns ‘Good’ credit ratings to Popular Re Inc.
March 10, 2025
The ratings have been given a stable outlook. #NewsismyBusiness
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AM Best downgrades Humana Health of Puerto Rico credit ratings
December 9, 2024
Humana Insurance of Puerto Rico Inc. and Humana Health Plans of Puerto Rico Inc. have struggled with increasing losses, particularly in their Medicare Advantage segment. #NewsismyBusiness
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AM Best downgrades Universal Life Insurance Co.’s credit ratings
September 13, 2024
However, the outlook was revised from negative to stable. #NewsismyBusiness
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AM Best affirms credit ratings of Popular Life Re
May 10, 2024
The outlook of these Credit Ratings is stable, AM Best stated. #NewsismyBusiness
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Fitch affirms Liberty Communications of Puerto Rico ratings at ‘BB-’
March 13, 2024
Its negative outlook remains due to “slower pace of deleveraging than initially expected and high competition.” #NewsismyBusiness
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AM Best upgrades credit ratings of Triple-S Propiedad
March 12, 2024
The outlook assigned to these credit ratings is stable. #NewsismyBusiness
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Fitch Downgrades AES Puerto Rico L.P.’s senior bond to ‘D’
June 23, 2023
AES PR’s rating is linked to — but not constrained by — Puerto Rico Electric Power Authority’s (Prepa) credit quality, which currently stands at “D.” #NewsismyBusiness
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AM Best upgrades Cooperativa de Seguros Multiples’ credit ratings
April 11, 2023
The ratings agency gave the local co-op an all-around good review. #NewsismyBusiness
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Moody’s cites ‘business reasons’ to withdraw Puerto Rico’s credit ratings
July 21, 2021
Moody’s Investors Service announced it has withdrawn the general obligation and related ratings of the Commonwealth of Puerto Rico, citing only “business reasons,” for pulling out. The decision to no longer provide ratings includes those assigned to the Puerto Rico Aqueduct & Sewer Authority, the Puerto Rico Electric Power Authority, and the University of Puerto […]
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Puerto Rico GDB, Treasury: S&P action is ‘wake-up call’
March 15, 2013
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.”
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Moody’s upgrades Pridco’s credit ratings to ‘Baa1’ from ‘Baa2’
July 6, 2012
Moody's Investors Service Inc. disclosed Thursday it has upgraded the M Rico Industrial Development Company's general purpose revenue bond rating to “Baa1” from “Baa2” and changed the outlook to stable. This decision came even though Pridco has some $210 million of outstanding debt.
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Open Mobile ‘not worried’ about S&P’s credit outlook revision
May 9, 2012
Saying Open Mobile’s parent company, P.R. Wireless, has “less than adequate” liquidity, credit ratings agency Standard & Poor’s revised its outlook on the wireless carrier to negative from stable and affirmed its ratings, including the 'B' corporate credit rating.
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Moody’s downgrades GO bond ratings to ‘Baa1,’ outlook negative
August 8, 2011
Moody's Investors Service downgraded the rating of more than $1 billion of the Puerto Rico Public Building Authority’s general obligation bonds to Baa1 from A3, providing a negative outlook for Series R and Series S. The bonds are expected to go to market Tuesday.
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S&P downgrades U.S. credit rating after budget negotiations fall short
August 6, 2011
The United States’ 94-year excellent credit run ended Friday, when ratings agency Standard & Poor’s lowered the country’s AAA credit to AA+ for the first time, dissatisfied with the results of the spending cuts package agreement between Congress and the White House reached earlier in the week.
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