P.R. Ind Tour Ed Med & Env Ctl Facs Fin Auth -- Moody's downgrades the ratings of three Puerto Rican banks, outlooks stable

New York, December 20, 2012 -- Moody's Investors Service downgraded certain ratings of three Puerto Rican banks, including Banco Santander Puerto Rico, Banco Bilbao Vizcaya Argentaria Puerto Rico, and Popular, Inc. (see 'List of Affected Ratings' below). Today's downgrades reflect the adverse effects of Puerto Rico's ongoing recession on the island's banks, as well as the weak prospects for a sustainable recovery in the coming years. Following the downgrades, the outlooks on the banks' ratings are stable. These actions conclude the reviews for downgrade that were initiated on 10 April 2012.

Vollständigen Artikel bei Moodys lesen