Investors of Puerto Rico Sales Tax Financing Corp.'s $2.6 billion of bonds could have less sales tax revenue to depend upon if Puerto Rico Gov. Anibal Acevedo Vila's proposal to eliminate a portion of the commonwealth's sales tax becomes law.

In response to the governor's plan, Standard & Poor's placed the debt on CreditWatch with negative implications and Fitch Ratings placed it on rating watch negative. Both agencies rate the credit A-plus. Moody's Investors Service gives the debt an A1.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.