Fitch says policy decisions key for Puerto Rico debt ratings

Tue Dec 18, 2012 5:16pm EST

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Dec 18 (Reuters) - Fitch Ratings on Tuesday said its BBB-plus rating on Puerto Rico's debt rests largely on fiscal progress made by the U.S. commonwealth's outgoing government and may be affected by possible policy shifts by Governor-elect Alejandro Garcia Padilla.

"Maintenance of the rating will require policy decisions that continue this progress and achieve budget balance and a slowing in the growth of long-term liabilities, including passing significant pension reform," Fitch said in a statement.

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