Article Image
News Link • Economy - Economics USA

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

• AFP

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....

 

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


Attorney For Freedom