Last week Puerto Rico passed a restructuring law that caused an immediate downgrade to it's debt from all three of the major rating services. Moody's Investors Service cut the Puerto Rican bonds three notches from a Ba2 to a B2. This leaves the bonds five notches below investment grade. The bonds which are backed by […]

Puerto Rico used to be known as a tax haven for investors. However, Puerto Rico is experiencing huge financial problems that could easily cost American investors a large portion of their investments, particularly if the island goes bankrupt. Puerto Rico went through an over-borrowing spree in the past few decades. This small island managed to […]