The Municipal Revenue Collections Center, known as CRIM by its initials in Spanish, announced Tuesday the start of a 100-day amnesty relieving taxpayers who are in arrears with the agency from paying interest, surcharges and penalties on their debt.
Almost exactly a year to the day when Moody’s Investors Service cut Puerto Rico’s credit to Baa3, the New York-based agency placed the island’s general obligation rating on review for downgrade.
Fitch Ratings placed the 'BBB-' ratings of the Commonwealth of Puerto Rico’s general obligation (GO) bonds, the Puerto Rico Building Authority government facilities revenue bonds guaranteed by the commonwealth, the Puerto Rico Aqueduct and Sewer Authority’s commonwealth guaranty revenue bonds, and the Employees Retirement System’s pension funding bonds on negative watch Thursday.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
