GDB chief takes part in UBS speaker series
October 16, 2012
Government Development Bank of Puerto Rico President Juan Carlos Batlle recently addressed a group of UBS clients on the outlook for the island’s credit as part of the company’s “UBS Speaker Series” cycle that began earlier this year.
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GDB mulls restructuring Condado Duo building loan
October 15, 2012
The Puerto Rico government is reviewing a request by one of the island's main hotel operators to restructure the loan that helped pay for the renovation of two landmark hotels: La Concha Renaissance Resort & Casino, currently in operation, and the Condado Vanderbilt Hotel, which shut down 15 years ago and reopens on Tuesday in a phased manner.
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S&P affirms UPR bonds classification, positive outlook
October 3, 2012
Credit ratings agency Standard & Poor’s affirmed Tuesday the “BBB-” rating of the University of Puerto Rico bonds, Series P, Q and O, giving them a stable outlook.
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