The good, the bad and the ugly

May 2006
Caribbean Business;5/18/2006, Vol. 34 Issue 19, p28
The article comments on the financial crisis in Puerto Rico. The downgrading of the government's credit, including the demotion of 6.2 billion dollars worth of appropriation bonds to junk status was precipitated by the crisis. Rising unemployment, increases in cost-of-living that includes 40 percent to 200 percent higher rates in basic government utilities and services contributed to the economic crisis.


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