read the first and the last sentence of this report: “Market-based probabilities of default for Puerto Rico have deteriorated notably in recent months (...) Given the lack of favorable fundamental prospects, we would take advantage of the recent price increase and reduce credit exposure to the Commonwealth by selling its longer-dated General Obligation issues. ” https://moodys/researchdocumentcontentpage.aspx?docid=PBC_159685
Posted on: Mon, 28 Oct 2013 14:34:19 +0000
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