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New Governor Causes Uncertainty in bond market
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New Governor Causes Uncertainty in bond market
by
Randy Jacobus
Tuesday, November 13, 2012
Voters in Puerto Rico elected a new governor, Garcia Padilla, whose platform could have a negative impact on the pension reform package. The rating agencies are watching developments closely and any inaction will result in a downgrade. Currently S&P rates the general obligation debt BBB and Moody’s rates them Baa1.
Related Stories:
New Governor in Puerto Rico Causes Uncertainty in Bond Market
Analysis: Puerto Rico's new governor a question mark for bonds
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