Moody's Downgrades Puerto Rico Credit Rating - Presented by: The Aol. On Network

Puerto Rico's credit rating was dealt its second blow in a week when Moody's Investors Service announced it had downgraded the U.S. territory's debt to junk status. The downgrade of two notches came just days after Standard & Poor's downgraded the island's debt one notch. Moody's said Puerto Rico's government took strong and aggressive actions to control spending and reduce debt issuance, among other things, but that it remained concerned about its liquidity and ability to access the market.



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