public finance

Predco’s principals were involved in different capacities in the General Obligation bond issuances of the government of Puerto Rico over the past 20 years, including drafting the relevant portions of the Commonwealth Reports and Official Statements, as well as conducting due diligence presentations for the underwriters. Predco professionals include former Presidents of GDB, former Board Directors and Chairmen of the Board of Directors of GDB, and municipal investment bankers.

Most recently, Predco's professionals worked to reduce Puerto Rico’s budget deficit substantially, an achievement that was widely recognized by the leading credit rating agencies, investment firms, and economic analysts. As an example, on April 19, 2010 Moody’s upgraded Puerto Rico's credit rating by three levels to “A3”, the highest that had been seen since 1975, and on March 8, 2011, Standard & Poor’s upped its rating for Puerto Rico’s general obligation debt  by improving its rating from BBB- to BBB, the first upgrade that S&P had given Puerto Rico’s credit in 28 years.