Puerto Rico Crisis Spreads as Fewer Issuers Can Avoid Junk Fate

Updated on
  • Private non-profit college on island downgraded by S&P to BB+
  • Stagnant island economy could harm private hospitals, schools

As Puerto Rico’s fiscal crisis reaches a tipping point, even some of the island’s strongest borrowers with few or no ties to the government are finding themselves struggling to stave off a junk credit rating.

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