Puerto Rico GDB, Treasury: S&P action is ‘wake-up call’
March 15, 2013
High-ranking government officials said Thursday that the decision by Standard & Poor’s a day earlier to slash Puerto Rico’s credit rating to near-junk status was “not a surprise” given the persisting grim economic scenario, but ...
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CNE: P.R.’s fiscal situation stable but ‘quite fragile’
June 13, 2012
Puerto Rico’s public finances have stabilized but are still weak, its indebtedness levels and rates are unsustainable, its fiscal viability over the medium term is uncertain, and its economic outlook remains quite modest, said the ...
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Economist: Sustainability in public finances ‘critical’ to recovery
May 21, 2012
It is the general belief that it is bad for a government to have a deficit or be shoulder-deep in debt. However, while it is “perfectly legitimate” for public administrations to have shortfalls and finance ...
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