NEW YORK--(BUSINESS WIRE)--In Fitch Ratings' opinion, Puerto Rico's reported decision to miss an August 1 debt service payment on appropriation-backed debt (not rated by Fitch) due today is consistent with both the commonwealth's stated intent to restructure its debt and its current liquidity pressures. Fitch rates the commonwealth's General Obligation (GO) and related debt 'CC' ; Rating Watch Negative, which indicates Fitch's belief that default of some kind appears probable. The payment defau
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