Moody's Investors Service announced Tuesday its decision to downgraded the corporate family rating of Liberty Cablevision of Puerto Rico LLC, specifically the part of the business related to OneLink, to B3 and its probability of default rating to B3-PD, concluding the review for downgrade initiated May 9.
Credit ratings agency Moody’s Investor Service issued a report Wednesday saying that Commonwealth employee retirement system (ERS, for short) reform and the projected changes to the sales and use tax system are both positives for the island’s credit, despite the ongoing fiscal indebtedness.
Government Development Bank President Javier Ferrer and Puerto Rico Treasury Secretary Melba Acosta- took off to New York Wednesday to meet with credit ratings agencies S&P, Fitch and Moody’s to continue informing on the administration’s efforts to stabilize the government's finances.
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