Agency cites high leverage, tight liquidity and debt risks. #NewsismyBusiness
The rating reflects the stability and significance of the toll road network, despite Puerto Rico’s economic volatility and demographic challenges. #NewsismyBusiness
Its negative outlook remains due to “slower pace of deleveraging than initially expected and high competition.” #NewsismyBusiness
“After 10 years of Act 247-2015 [Law for the Promotion of Reusable Bags and the Regulation of the Use of Plastic Bags], we must seriously examine whether public policy has produced the expected effects.
We need to see the full picture: protecting the environment, weighing costs for consumers and ensuring viability for retailers. Our duty is to consider amendments or new strategies that bring a fair and effective balance for Puerto Rico.”
— Sen. Nitza Morán, chairwoman, Puerto Rico Senate Committee on Economic Development, Small Business, Banking, Commerce, Insurance and Cooperativism
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