Moody's: Puerto Rico defaults on bond payment

GMT 20:58 2015 Monday ,03 August

Arab Today, arab today 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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