Fitch Ratings expects Puerto Rican banks to face continuing operating challenges in 2013, despite recent efforts by those institutions to build capital and de-risk their balance sheets, the agency said in a statement issued Wednesday.
Residents and businesses in Puerto Rico affected by heavy rains and flooding on Nov. 12- 13, can apply for low-interest disaster loans from the U.S. Small Business Administration, agency Administrator Karen G. Mills announced Wednesday.
The U.S. Small Business Administration approved nine International Trade Loans in favor of exporters in Puerto Rico and the U.S. Virgin Islands in Fiscal 2012, totaling $880,000, the agency said Monday.