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S&P ADJUSTS CREDIT RATING.

Due to Government operating budget deficits the past five years, Standard & Poor credit rating agency has lowered Puerto Rico bond ratings from "A" to "A-", reports El Nuevo Dia (May 31, 2002). This has caused S&P to lower the ratings of other agencies, such as the Government Development Bank (from "A+" to "A", for example). However, S&P also raised from "negative" to "stable" the long-term prospects for Puerto Rico debt, said Ken Gear, an S&P analyst.

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Title Annotation:Puerto Rico bond ratings
Comment:S&P ADJUSTS CREDIT RATING.(Puerto Rico bond ratings)(Brief Article)
Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:1U0PR
Date:Jul 1, 2002
Words:81
Previous Article:PUBLIC WORKS BOOM FORECAST.
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