OREANDA-NEWS. S&P Global Ratings has lowered its rating on certain Puerto Rico Public Buildings Authority's bonds, as well as on the Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority's series 2011A bonds, to 'D' (default) from 'CC' following a default on payment of debt service on July 1, 2016.

RELATED CRITERIA AND RESEARCH

Related CriteriaUSPF Criteria: State Ratings Methodology, Jan. 3, 2011USPF Criteria: Financial Management Assessment, June 27, 2006USPF Criteria: Debt Statement Analysis, Aug. 22, 2006USPF Criteria: Assigning Issue Credit Ratings Of Operating Entities, May 20, 2015Criteria: Use of CreditWatch And Outlooks, Sept. 14, 2009Criteria: Timeliness Of Payments: Grace Periods, Guarantees, And Use Of 'D' And 'SD' Ratings, Oct. 24, 2013