Tag: Melba Acosta-Febo

• Tuesday, August 4th 2015 - 05:35 UTC

  Puerto Rico declared on default by Moody's after failing to make debt full payment

  

  Puerto Rico's Government Development Bank announced Monday that it was only able to make a partial payment on its Public Finance Corporation (PFC) debt service due over the weekend. In response to the non-payment of the full service, credit rating agency Moody's said it viewed the situation as a default.