Puerto
Rico explain this week to Wall Street analysts about his plans for
growth and real economic situation to appease the markets. J. P. Beauchamp
, president of the government of Puerto Rico held next Oct. 15 a teleconference with analysts and investors to update information of the
economic and fiscal activity on the island.
They have a debt of about $87k million, of which about
$70k million are in municipal bonds, whose price is
falling sharply in the markets, in the sense of investors that the
economic and financial situation the island may doubt his collection.
The
Government of Puerto Rico needs $2k million inmediately to balance
public accounts and expect it to expand capacity
COFINA bond issue . Moody
's affirms Baa3 ( the level before the junk bond ) qualification to the
general obligations of the Puerto Rican government and as for COFINA ,
the outlook is negative, due to the weak state of the economy of the
Caribbean island , the fall in tax recollection and the progressive debt issuance.In
any case , recognizing the efforts of the executive who heads the
Governor A.G. Padilla , who this week and traveled to Wall
Street to provide explanations on the financial situation of the island
and its plans to straighten a leading economy into recession for almost seven years.
As seen on EFE
