Gov’t seeking new federal money to fix economy
June 16, 2014
Puerto Rico’s chronic inability to fully tap into federal funding has short-changed the island out of millions in competitive grants and loans available for a cross-section of activities, a top government official said recently.
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New EDB product to support community pharmacies
June 13, 2014
The Economic Development Bank on Thursday announced a partnership with the Puerto Rico Community Pharmacies Association to launch a new product to help promote the sector’s growth through financing new and existing operations.
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Fitch cuts Puerto Rico Electric Power Auth’s credit to junk
June 12, 2014
Fitch Ratings downgraded Wednesday the rating on $8.7 billion of the Puerto Rico Electric Power Authority’s power revenue bonds to “BB” from “BB+,” putting them at junk level. In addition, Fitch also placed the “BB” ...
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