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Popular North America Capital Trust I -- Moody's upgrades ratings for Popular and FirstBank, and affirms ratings for Banco Santander Puerto Rico; concludes review

Moody's Investors Service ("Moody's") has today taken actions on the ratings of three Puerto Rican banks. The long-term ratings for Popular, Inc., its subsidiaries (Popular) and FirstBank Puerto Rico (FirstBank) were upgraded by one notch, following the one-notch upgrades of the standalone baseline credit assessments (BCAs) for Banco Popular de Puerto Rico and Firstbank, respectively.