High-ranking Puerto Rico government officials unveiled Wednesday a package of measures aimed at resolving the Commonwealth Retirement System’s critical fiscal situation, including raising the retirement age and increasing employee contributions.
Moody's Investors Service downgraded the rating of more than $1 billion of the Puerto Rico Public Building Authority’s general obligation bonds to Baa1 from A3, providing a negative outlook for Series R and Series S. ...
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NIMB: News is my Business
News is my Business was born in November 2010 out of a desire to provide no-nonsense, straightforward, English-language news relevant to Puerto Rico’s business community, in an all-digital format.