Puerto Rico's recently enacted changes to its badly underfunded pensions systems for government workers is "credit positive" for the heavily indebted Caribbean island, Moody's Investors Service said on Wednesday.
_0">Moody's, which rates Puerto Rico's debt at the lowest investment-grade level of Baa3, also said in a research note that an expansion of a sales tax under consideration by legislators would be a "credit positive," if enacted, for both the commonwealth and its Puerto Rico Sales Tax Financing Authority.