Ponce takes the lead as the municipality with the best-rated Uber users on the island. #NewsismyBusiness
The plan’s already 4.5-star designation was upgraded to because of CMS’s recent recalculation of its 2024 Medicare Advantage plan ratings. #NewsismyBusiness
The Puerto Rican insurer surpassed its 2023 targets. #NewsismyBusiness
MCS Inc. received a 5-star rating from CMS for its Medicare Advantage contract, marking a historic achievement for Puerto Rican health care. #NewsismyBusiness
Fitch Ratings announced it has upgraded First BanCorp’s (FBP) Long-Term Issuer Default Rating to ‘BB’ from ‘B+,’ with a stable outlook. “The upgrade primarily reflects Fitch’s review of FBP’s blended operating environment score as well as the resiliency of FBP’s financial profile despite the significant challenges in Puerto Rico’s operating environment over the past several […]
One Alliance Insurance Corp. has earned a Financial Stability Rating (FSR) of A-Exceptional from Demotech Inc., a financial analysis firm specializing in evaluating the financial stability of independent, regional, and specialty insurers, the company announced. This level of FSR is assigned to insurers that have an exceptional financial stability related to maintaining positive surplus as […]
STARSTrack, a solution developed by Nagnoi, allows health insurance agencies to monitor CMS’ Five-Star Quality Rating Program.
S&P Global Ratings is withdrawing its 'CC' long-term and underlying ratings, and negative outlook, on Puerto Rico Aqueduct and Sewer Authority’s series 2008A, 2008B, 2012A and 2012B revenue bonds due to a lack of sufficient information.
A.M. Best has placed Triple-S Propiedad Inc.’ Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” under review with negative implications, following the company’s recently announced significant decline in policyholder surplus.
Insurance credit agency A.M. Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” of Puerto Rioc’s Trans-Oceanic Life Insurance Company. The outlook of the FSR remains stable.
Moody's Investors Service on Wednesday lowered the ratings on debt of the Government Development Bank and five other Puerto Rico issuers, with a total of approximately $13 billion outstanding.
Multinational Life Insurance Company announced Monday that A.M. Best, the international rating firm for the insurance industry, has affirmed the insurer’s B++ rating and revised the company’s “Long Term Issuer” credit rating from stable to positive.
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.
The Puerto Rico government’s decision to enact a debt moratorium and declare a state of emergency at the Government Development Bank prompted ratings agency S&P to downgrade the agency and Moody’s to warn of looming creditor lawsuits.
The Dorado Beach, A Ritz-Carlton Reserve has received a five-star rating from the prestigious Forbes Travel Guide, joining several independent boutique properties in the Caribbean as first-time recipients.
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