Moody's: Puerto Rico banks' financial buffers improved in contrast to Commonwealth's protracted recession
New York, February 09, 2017-- Moody's-rated Puerto Rican banks, Banco Santander Puerto Rico, Banco Popular de Puerto Rico and FirstBank Puerto Rico have improved their capitalization, reserves and core funding in the face of protracted economic recession in the Commonwealth of Puerto Rico, Moody's Investors Service says in a new report. On February 8, Moody's affirmed the ratings of BSPR, Popular, and FirstBank, and changed the outlook on the latter two banks to stable from...
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