Akerman LLP (JD Supra Puerto Rico)

Puerto Rico Recent Developments - The three major credit rating agencies, Standard & Poor's, Moody's, and Fitch Ratings, downgraded the Commonwealth of Puerto Rico's debt to "junk" status during the first two weeks of February, citing weaknesses in the island's economy, including lackluster growth and difficulty accessing capital markets. Notwithstanding their concerns, the agencies did...