Fitch puts Puerto Rico debt on ratings negative watch

Thu Feb 21, 2013 2:59pm EST

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Feb 21 (Reuters) - Fitch Ratings on Thursday placed its BBB-plus rating for Puerto Rico general obligation bonds and other debt on a negative ratings watch.

Noting the U.S. commonwealth faced a "significant increase" in operating budget imbalances, Fitch said in a news release that it expected to meet soon with government officials and would resolve in early March the watch status that also affects Puerto Rico pension bonds and other debt.

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