Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $16,245
20%  
Woo hoo!! And we're now over 20%!! Thank you all very much!! God bless.

Keyword: spikenglishplease

Brevity: Headers | « Text »
  • Puerto Rico Government Shutdown: Bonds Become Junk

    05/08/2006 2:36:26 PM PDT · by Ebenezer · 30 replies · 770+ views
    (English-language translation) Moody's degraded Puerto Rico's credit rating today, thus aggravating the crisis that has left 90,000 public employees in the island without a job. "This action reflects Puerto Rico's tense financial situation, the continuing political conflict, and the lack of agreement to [take] the necessary measures to end years of financial deterioration by the government," Moody's stated in a release. The majority of the bonds, which were [originally] classified "Baa2", decreased to "Baa3", which is the limit for bonds [considered] healthy for investment. However, according to Secretary of the Governor's Office Aníbal José Torres, the ratings firm degraded some...