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COFINA bonds hit the bottom

After the order issued by Judge Laura T. Swain, Standard & Poor’s rated as in default the payable bonds with the Sales and Use Tax (IVU, Spanish acronym).

8 de junio de 2017 - 8:02 AM

Archival note
This content was published more than 7 years ago.
(Archivo / GFR Media)
(Archivo / GFR Media)

The Puerto Rico Urgent Interest Fund Corporation (COFINA, Spanish acronym), the credit that used to be considered as the most valuable for the Puerto Rican debt issuers a decade ago, hit the bottom of the credit scale when Standard & Poor’s (SP) degraded it to default level.

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