Moody’s: $13B federal injection for power, education is ‘credit positive’
September 24, 2020
The announcement last week that Puerto Rico will receive almost $13 billion in new disaster aid from the Federal Emergency Management Agency, primarily to rebuild the island’s power grid, is credit positive, Moody’s Investors Service ...
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Moody’s: Earthquakes will blunt P.R.’s economic recovery
January 15, 2020
The almost non-stop sequence of earthquakes that have rattled Puerto Rico for the better part of the last two weeks will “exacerbate the commonwealth’s challenges as it tries to rebuild its economy,” Moody’s Investors Service ...
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Moody’s: P.R. and its banks will benefit from federal economic analysis
March 13, 2019
The reason for the positive outlook is that Moody’s believes federal estimates of the island’s Gross Domestic Product “will bolster reforms by the island that should encourage unbanked residents to participate in the banking system, ...
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