Fitch slashes Puerto Rico’s GO ratings to ‘B’ from ‘BB-‘
March 27, 2015
Fitch Ratings announced Thursday it has downgraded the Commonwealth of Puerto Rico's general obligation and related debt ratings to 'B' from 'BB-' and placed them on Rating Watch Negative.
chat_bubble0 Comment
visibility4316 Views
Moody’s pushes Commonwealth credit deeper into junk
February 20, 2015
For the second time in less than a week, Puerto Rico’s credit rating has gotten slashed, this time by Moody's Investors Service, which downgraded the Commonwealth’s general obligation bonds and guaranteed debt to Caa1 from B2, its Sales Tax Financing Corporation (COFINA) senior and subordinate bonds, respectively, to B3 and Caa1 from Ba3 and B1, and the notes of the Government Development Bank, to Caa1 from B3.
chat_bubble0 Comment
visibility3684 Views
S&P cuts Puerto Rico’s GO bonds to ‘B’ from ‘BB’
February 13, 2015
Standard & Poor's Ratings Services pushed Puerto Rico’s general obligation rating further into junk Thursday when it lowered it 'B' from 'BB,’ with a negative outlook.
chat_bubble0 Comment
visibility3445 Views
S&P, Fitch re-aim at PREPA, Puerto Rico’s GO bonds
July 10, 2014
Standard & Poor's Ratings Services on Wednesday announced it has lowered its rating on Puerto Rico Electric Power Authority's power revenue bonds four notches to “B-“ from “BB,” further deepening the agency’s credit woes.
chat_bubble0 Comment
visibility3366 Views
Puerto Rico agencies showered with credit downgrades
June 30, 2014
The U.S. mainland’s three credit ratings agencies showered Puerto Rico with downgrades and warnings of further revisions Friday, upholding a trend that began a day earlier in response to the filing of a bill paving the way for the restructuring of fiscally troubled public agencies.
chat_bubble0 Comment
visibility4606 Views
A.M. Best upgrades Universal Life Insurance Co. ratings
June 18, 2014
A.M. Best announced Tuesday it has upgraded Hato-Rey based Universal Life Insurance Company’s financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb+.”
chat_bubble0 Comment
visibility6794 Views
Moody’s wrapping up analysis of Puerto Rico credit
January 3, 2014
Moody’s Investors Service is set to conclude its review of Puerto Rico’s credit and fiscal situation in coming weeks, when it will focus on key issues of liquidity, budget performance and economic outlook, the New York-based agency said in a report released Thursday.
chat_bubble0 Comment
visibility3616 Views
S&P affirms Puerto Rico’s ‘BBB-’ rating, negative outlook
October 25, 2013
Standard & Poor's Ratings Services this week affirmed its 'BBB-' rating and negative outlook on Puerto Rico’s general obligation (GO) and appropriation debt, based on — among other things — the commonwealth's weak economic trends that began in fiscal 2007, including population declines and economic contraction.
chat_bubble0 Comment
visibility2842 Views
Multinational Life Insurance Co. gets ‘positive outlook’ from A.M. Best
June 21, 2013
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Puerto Rico’s Multinational Life Insurance Company in Hato Rey.
chat_bubble0 Comment
visibility4336 Views
A.M. Best upgrades TOLIC’s rating to ‘BBB+’
May 13, 2013
A.M. Best Co. has upgraded Guaynabo-based Trans-Oceanic Life Insurance Company’s issuer credit rating (ICR) to “bbb+” from “bbb” and affirmed the financial strength rating of B++. The outlook for the FSR is stable, while the outlook for the ICR has been revised to stable from positive.
chat_bubble0 Comment
visibility4751 Views
A.M. Best revises Universal Life Insurance Co.’s to outlook to ‘positive’
July 6, 2012
Insurance credit ratings agency A.M. Best Co. announced Thursday it has revised Universal Life Insurance Company’s outlook to “positive” from “stable” and affirmed its financial strength rating of B++ (Good) and “bbb+” issuer credit rating.
chat_bubble0 Comment
visibility4471 Views
A.M. Best upgrades newcomer Multinational Life Insurance Co.’s credit ratings
June 20, 2012
Eight months after entering the Puerto Rico market, Multinational Insurance Company has received a favorable review from prestigious credit ratings agency A.M. Best Co.
chat_bubble0 Comment
visibility4150 Views
Fitch affirms ratings on UBS, BPOP managed funds
August 16, 2011
Credit rating agency Fitch Ratings on Thursday reviewed and affirmed the ratings assigned to $691.8 million in notes and stock issued by 12 Puerto Rico Investors Tax-Free closed-end funds advised by UBS Asset Managers of Puerto Rico.
chat_bubble0 Comment
visibility3543 Views
MAPFRE maintains credit rating strength
August 4, 2011
A.M. Best, the world's oldest and most authoritative insurance rating and information source, recently affirmed the financial strength rating of “A” (Excellent) of the MAPFRE PRAICO Group and its affiliates, confirming their financial strength, company officials announced Wednesday.
chat_bubble0 Comment
visibility3101 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA