Fitch assigns ‘BBB’ rating to Puerto Rico toll roads project
October 18, 2024
The rating reflects the stability and significance of the toll road network, despite Puerto Rico’s economic volatility and demographic challenges. #NewsismyBusiness
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Puerto Rico gov’t defaults, halts monthly GO transfers
August 4, 2015
Investors in Puerto Rico debt got double-whammied by the island’s government Monday, which missed a $58 million debt payment as it had predicted it would, and separately told creditors it has temporarily suspended monthly deposits to its General Obligation (GO) bonds redemption fund.
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Public Finance Corp. completes $410M bond issue
June 14, 2012
The Puerto Rico Public Finance Corporation placed and sold $410 million in bonds in the local market, the proceeds of which the agency will use to refinance existing debt and save $6.6 million in interest payments.
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