February 4, 2014 — Triet M. Nguyen
S&P Downgrades Puerto Rico to Speculative Grade
According to the Bond Buyer,
“Standard & Poor’s downgraded Puerto Rico’s general obligation bonds to speculative, or junk, grade Tuesday afternoon.
The rating was cut to BB-plus from the investment grade of Baa1, S&P said on Tuesday. The rating remains on watch negative.”