30 de junio de 2015 / 4:17 / en 2 años

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

(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. (bit.ly/1GLPCyD)

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below