- The Puerto Rico Electric Power Authority's $8.6B debt is cut to B- from BB by S&P following this week's temporary extension of its credit line which must still be repaid by month's end. The inability to get a renewal, says S&P, increases the risk the utility will attempt to restructure its debt under the new public corporation bankruptcy law passed last month.
- MBIA (MBI -0.5%), Assured Guaranty (AGO +1.3%)
- Previously: PREPA gets lifeline from lenders
at Nasdaq.com (Nov 14, 2014)