CORRECTED-S&P lowers Puerto Rico's rating to "CCC-" from "CCC+"

martes 30 de junio de 2015 00:23 GYT

(Corrects headline to say rating lowered to "CCC-" not "CCC")

June 30 (Reuters) - S&P lowered its rating on Puerto Rico to 'CCC-' from 'CCC+' with a negative outlook, saying a default, distressed exchange, or redemption of the commonwealth's debt appears to be inevitable within the next six months.

S&P said it has placed all debt at the same 'CCC-' level, reflecting its view that all debt obligations are potentially at risk for possible restructuring due to the severity of Puerto Rico's current fiscal situation. (

Puerto Rico's governor on Monday called for the commonwealth to be allowed to restructure its debts under the U.S. bankruptcy code, while a newly appointed adviser to the U.S. territory said it is "insolvent" and will soon run out of cash. (Reporting by Supriya Kurane in Bengaluru; Editing by Anupama Dwivedi)