Asociacion de Empleados del Estado Libre Asociado de Puerto Rico - S&P Credit Research

Asociacion de Empleados del Estado Libre Asociado de Puerto Rico

7422 words — Published Feb 27, 2009
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Abstract:
Very little debt and modest amortization requirements Mandatory membership for central government employees Very conservative lending and investment policies Consistently profitable since its inception Actuarial deficit from closed death insurance fund Consumer-dominated loan portfolio Geographic concentration in Puerto Rico Standard&Poor's Ratings Services' ratings on Asociación de Empleados del Estado Libre Asociado de Puerto Rico (AEELA) are based on its modest debt balances, captive membership, conservative balance sheet, and consistent profitability. The ratings also reflect continued uncertainty regarding its potential insurance liabilities, a consumer-dominated loan portfolio, and its geographic concentration in Puerto Rico. Created in 1921 by a Puerto Rico law to provide certain financial services for employees of the Commonwealth of Puerto Rico while promoting prudent financial practices,
  
Brief Excerpt:
RESEARCH Ratings Definitions Asociacion de Empleados del Estado Libre Asociado de Puerto Rico Publication date: 27-Feb-2009 Primary Credit Analyst: Robert Hansen, CFA, New York (1) 212-438-7402; robert_hansen@standardandpoors.com...
  
Report Type:
Full Report
Issuer
Asociacion de Empleados del Estado Libre Asociado de Puerto Rico
Sector
Financial Institutions, Global Issuers
Country
United States
Region
United States
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Credit Research. "Asociacion de Empleados del Estado Libre Asociado de Puerto Rico" Feb 27, 2009. Alacra Store. May 21, 2013. <http://www.alacrastore.com/research/s-and-p-credit-research-Asociacion_de_Empleados_del_Estado_Libre_Asociado_de_Puerto_Rico-705479>
  
APA:
S&P Credit Research. (). Asociacion de Empleados del Estado Libre Asociado de Puerto Rico Feb 27, 2009. New York, NY: Alacra Store. Retrieved May 21, 2013 from <http://www.alacrastore.com/research/s-and-p-credit-research-Asociacion_de_Empleados_del_Estado_Libre_Asociado_de_Puerto_Rico-705479>
  
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