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Fitch may cut Puerto Rico's bond rating to junk

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

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

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