Gov’t proposes benefit cuts to avoid pension system collapse
February 28, 2013
High-ranking Puerto Rico government officials unveiled Wednesday a package of measures aimed at resolving the Commonwealth Retirement System’s critical fiscal situation, including raising the retirement age and increasing employee contributions.
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Moody’s downgrades GO bond ratings to ‘Baa1,’ outlook negative
August 8, 2011
Moody's Investors Service downgraded the rating of more than $1 billion of the Puerto Rico Public Building Authority’s general obligation bonds to Baa1 from A3, providing a negative outlook for Series R and Series S. The bonds are expected to go to market Tuesday.
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