GDB ‘expected’ power authority’s credit ratings cut, moving forward on $475M bond issue
March 29, 2012
Gov. Luis Fortuño administration officials took Moody’s Investors Service’s decision to cut the Puerto Rico Electric Power Authority’s credit rating down a notch in stride Wednesday, saying it was “expected” and would not have an impact on the upcoming $475 million bond emission.
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Economic Activity Index up slightly in October, driven by cement sales
December 6, 2011
Puerto Rico’s Economic Activity Index (GDB-EAI) reached 127.7 in October 2011 compared to 126.7 registered during September 2011, reaching the highest level since November 2010, the Government Development Bank for Puerto Rico said Monday.
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Government plans trio of bond issues before end of fiscal ’12
September 9, 2011
The government plans to raise at least $785 million through three separate bond issues in coming months, high-ranking administration officials told the stateside investment community Thursday.
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