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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Fitch Ratings recognizes Puerto Rico government’s progress
June 22, 2023
The agency noted the progress in the publication of audited financial statements and the improvement in reliability, timeliness and accessibility to information. #NewsismyBusiness
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Fitch Ratings upgrades First BanCorp to ‘BB;’ assigns stable outlook
June 25, 2021
Fitch Ratings announced it has upgraded First BanCorp’s (FBP) Long-Term Issuer Default Rating to ‘BB’ from ‘B+,’ with a stable outlook. “The upgrade primarily reflects Fitch’s review of FBP’s blended operating environment score as well as the resiliency of FBP’s financial profile despite the significant challenges in Puerto Rico’s operating environment over the past several […]
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