New York to San Juan-get used to "junk bonds".

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Jorge

San Juan, Puerto Rico

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#1
Mar 4, 2013
 
This past weekend Wall St. told Hacienda's Melba Acosta and our BGF-prepare your bonds for the "junk yard".

And so, Agapito's administration-"the junk government", received the kiss of death.

Since: Oct 12

West Islip, NY

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#2
Mar 4, 2013
 
Jorge wrote:
This past weekend Wall St. told Hacienda's Melba Acosta and our BGF-prepare your bonds for the "junk yard".
And so, Agapito's administration-"the junk government", received the kiss of death.
The only thing saving Puerto Rico's credit rating from a huge downgrade was Fortuno and the PNP.

They did note that approving the airport P3 deal was a "positive sign".
Jorge

San Juan, Puerto Rico

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#3
Mar 4, 2013
 
LongIslander1987 wrote:
<quoted text>
The only thing saving Puerto Rico's credit rating from a huge downgrade was Fortuno and the PNP.
They did note that approving the airport P3 deal was a "positive sign".
After Spain and Greece's bonds hit the cold, hard floor-Spain's unemployment rate has been setting daily records.

As of now, it stands close to 30%(an economic depression).

We all know Greece's fate!

If you want to pick my mind, I think Agapito's junk govt. will start selling what's left of the govt.

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