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News Link • Economy - Economics USA

Debt-laden Puerto Rico’s credit rating cut to ‘junk’ status


Standard & Poor’s on Tuesday cut the debt rating of Puerto Rico to junk status, saying the US territory is facing a liquidity squeeze due to high debts and a high deficit.

S&P lowered Puerto Rico’s rating by one step to the “speculative” grade of BB+ as the territory was testing markets to raise a fresh $2 billion in financing....


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