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Fitch Downgrades Puerto Rico Aqueduct Sewer Auth Senior Revs to 'BB+'; Outlook Remains Negative

Author: Australian Business

AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings downgrades the following ratings on Puerto Rico Aqueduct and Sewer Authority, Puerto Rico (PRASA, or the authority): --Approximately $3.4 billion of outstanding revenue bonds, series A, B, 2012A and 2012B (senior lien), to 'BB+' from 'BBB-'. The Rating Outlook remains Negative. SECURITY The bonds are...

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