Moody's: Puerto Rico defaults on bond payment
Puerto Rico Public Finance Corporation
Washington - Arab Today
Puerto Rico has missed a bond payment in the first default on commonwealth debt, rating firm Moody's said Monday.
"Bondholders today did not receive full and timely payment of debt service due August 1 on bonds issued by the Puerto Rico Public Finance Corporation. Moody's views this event as a default," said Emily Raimes, vice president at Moody's Investors Service.
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