Following Moody’s Investors Service double notch downgrade of Puerto Rican debt in December, Fitch Ratings placed a variety of Puerto Rico government obligations on rating watch negative Thursday afternoon.

Fitch’s action affects the BBB-plus rating of the commonwealth’s general obligation bonds, Puerto Rico Building Authority government facilities revenue bonds guaranteed by the territory’s government, Puerto Rico Aqueduct and Sewer Authority commonwealth guaranteed revenue bonds, and Employees Retirement System of the Commonwealth of Puerto Rico pension funding bonds.

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