Following the Commonwealth of Puerto Rico's default, ratings for the island's two main banks, Popular (BPOP) and First BanCorp (FBP), will not be immediately affected, according to Fitch Ratings.
Delta Air Lines and Seaborne Airlines announced Monday a codeshare agreement that will provide customers from both airlines with increased travel options to and from the United States and Caribbean.
Eleven rural small businesses in Puerto Rico will split $245,000 in loans and grants approved by the U.S. Department of Agriculture to further renewable energy use, agency Secretary Tom Vilsack said Monday.
Constructora Santiago II, Corp., Centro Cardiovascular and Hospital Del Maestro have agreed to pay $132,000, collectively, to the United States to resolve allegations that each falsely certified to the Nuclear Regulatory Commission that it was a small business entity to pay reduced nuclear material handling fees.
Puma Energy Global announced that communications agency DDB Latina Puerto Rico has been appointed to design and execute a global marketing campaign to reposition its lubricants as "The New Standard" in the market.
Molinos de Puerto Rico, the Caribbean arm of Ardent Mills', the flour-milling and ingredient company, was honored in June with the “Manufacturing Company of the Year” award from the Puerto Rico Chamber of Food Marketing, Industry and Distribution (known as MIDA by its Spanish acronym.)
U.S. House Democratic Leader Nancy Pelosi has appointed Puerto Rico Resident Commissioner Pedro Pierluisi to the “Congressional Task Force on Economic Growth in Puerto Rico,” which was established by the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA).
Puerto Rico’s retail sales reflected a reduction of $71.5 million, equivalent to a 2.25 drop when compared to March 2015, Puerto Rico Trade and Export revealed Thursday.
A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating of “a” for San Juan-based MAPFRE PRAICO Insurance Company and an affiliate, MAPFRE Pan American Insurance Company, collectively known as the MAPFRE PRAICO Group (MPG). The outlook for each rating is stable.
FirstBank recently launched its profile on the Spotify digital platform that includes two playlists— “Get Together Bank” and “Relax Bank” — created by bank staff for customers as part of the “Experiences” brand campaign.
Puerto Rico Acting Gov. Víctor Suárez, signed House Bill 2864 into law Wednesday, creating the Puerto Rico Aqueduct and Sewer Authority Revitalization Act, a statute that gives the water utility the tools to access capital markets and achieve self-sustainability.
GREY Puerto Rico just launched GREY Shopper, a specialized business unit for Shopper Marketing, a practice that focuses on developing experiences to bring brands and shoppers together.
WASHINGTON — A four-member panel convened here Tuesday to discuss the long-term lessons of Puerto Rico’s debt crisis for other jurisdictions in financial trouble.
S&P Global Ratings lowered its ratings on the Puerto Rico Aqueduct & Sewer Authority's series 2008 and 2012 senior-lien revenue bonds two notches to 'CC' from 'CCC-'. The outlook is negative.
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