Fitch may cut Puerto Rico's bond rating to junk

Reuters

Nov 14 (Reuters) - Fitch Ratings on Thursday said it may cutheavily indebted Puerto Rico's main credit rating to junk-bondstatus.

A leading Wall Street credit ratings group, Fitch said ithad placed the Caribbean island's BBB-minus general obligationbond rating on negative watch and expected to clarify the statusof its rating by the end of June.

Fitch and the other two U.S. ratings agencies - Moody's andStandard & Poor's - currently rate Puerto Rico's GO debt at thebottom of the investment grade scale.

Rates

View Comments (0)