Moody's Wacks Puerto Rico's Debt, Outlook NegativeMark Melin
Moody's Investors Service handed the Commonwealth Puerto Rico a wallop, downgrading it three notches to B2 from Ba2 and impacting $14.4 billion of outstanding general obligation (GO) bonds.
Puerto Rico's downgrade also affects non-GO bonds
The ratings agency also labeled a negative downgrade on commonwealth agencies and public corporations, affecting about $46 billion of non-GO bonds, including $15.6 billion of senior- and subordinate-lien bonds issued by the . . .
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