15.10.2015 22:33:00
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Moody's: US initiatives could help Puerto Rico's fiscal recovery and debt restructuring
New York, October 15, 2015 -- While the United States (Aaa stable) is unlikely to provide a financial bail-out for Puerto Rico (Caa3 negative) as the territory tries to restructure some of its $73 billion in debt, media reports suggest the US Treasury Department is considering taking a more active role, Moody's Investors Service says, as the deteriorating fiscal situation leads to increasing pressure on Congress to take actions to stabilize the island's economy or finances.