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 ...
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, ...
Following a contraction of 6.2 percent in 2017, Moody’s Credit Standards and Strategy Group expects Puerto Rico’s economy to shrink by another 6 percent to 7 percent this year, with some rebound in the second ...