GDB president berates Moody’s’ latest credit downgrade
May 22, 2015
Government Development Bank President Melba Acosta came down hard on Moody’s Investors Service’s decision to downgrade the Commonwealth’s credit rating deeper into junk status by saying the move shows “ratings agencies are totally out of ...
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GDB’s liquidity down to $1.02B in April
May 18, 2015
The Government Development Bank for Puerto Rico released its most recent liquidity statement late last week, showing a balance of $1.02 billion net as of April 30, representing a drop from the $1.11 billion the ...
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Puerto Rico’s economic activity at -0.4% YOY in March
May 14, 2015
The Puerto Rico Government Development Bank on Wednesday released a revised Economic Activity Index for March that registered a -0.4 percent year-over-year reduction, and a month-over-month increase of 0.5 percent.
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