S&P rates Puerto Rico sales tax bonds A+, warns of possible downgrade

Standard & Poor's said it assigned an A+ standard long-term rating to Puerto Rico Sales Tax Financing Corp.'s $733 million series 2008A sales tax revenue bonds.

All S&P ratings on the corporation's sales tax revenue bonds are on CreditWatch with negative implications due to a recent proposal by Gov. Anibal Acevedo Vila to suspend the 4.5% sales and use tax, which is pledged to payment of the bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.