Citing Doral Financial Corp.’s “weakened capital position and very high nonperforming assets,” Standard & Poor's Ratings Services lowered its issuer credit rating to 'CCC-' from 'CCC+,' with a negative outlook.
Credit ratings agency Standard & Poor’s affirmed Tuesday the “BBB-” rating of the University of Puerto Rico bonds, Series P, Q and O, giving them a stable outlook.
For the second time in the last week, Puerto Rico’s credit ratings have been under scrutiny by stateside agencies. This time, it was Standard & Poor's Ratings Services, which revised its outlook on the Commonwealth ...