NEW YORK, June 27 Puerto Rico Aqueduct & Sewer
Authority (PRASA) does not foresee restructuring its debt, the
agency's executive president Alberto Lazaro said on Friday after
a Moody's downgrade that cited a new local law allowing public
corporations to restructure.
"It is our understanding that in PRASA there does not exist
any condition that would lead us to think about restructuring
our debt. We don't have the need to use the tools provided by
the Recovery Act," Lazaro said in a statement.
(Reporting by Edward Krudy; Editing by James Dalgleish)