{"id":3103,"date":"2014-01-14T00:00:00","date_gmt":"2014-01-14T05:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/pending-credit-ratings-downgrades-on-puerto-rico-municipal-bonds-weigh-heavily-on-leveraged-ubs-closed-end-bond-funds\/"},"modified":"2014-01-14T00:00:00","modified_gmt":"2014-01-14T05:00:00","slug":"pending-credit-ratings-downgrades-on-puerto-rico-municipal-bonds-weigh-heavily-on-leveraged-ubs-closed-end-bond-funds","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/pending-credit-ratings-downgrades-on-puerto-rico-municipal-bonds-weigh-heavily-on-leveraged-ubs-closed-end-bond-funds\/","title":{"rendered":"Pending Credit Ratings Downgrades on Puerto Rico Municipal Bonds Weigh Heavily On Leveraged UBS Closed-End Bond Funds"},"content":{"rendered":"<\/p>\n<p>UBS Financial Services of Puerto (UBS )recently reported the net asset values (NAV) for their proprietary closed-end funds mat suffer future losses.\u00a0 These funds are a part of the<i> UBS Puerto Rico Family of Funds<\/i> which are marketed exclusively to Puerto Rico residents.\u00a0 The UBS Puerto Rico Fixed Income Funds and UBS Puerto Rico Investors Tax Free Funds, are leveraged 50% and concentrated in Puerto Rico issuers, continue to suffer losses with many Puerto Rico issuer credit ratings coming under review for <a title=\"Puerto Rico Municipal Bond Downgrades\" href=\"http:\/\/www.ubsbondfundlosses.com\/puerto-rico-municipal-bonds.html\"  target=\"_blank\">potential downgrades<\/a>.\u00a0 As of January 2, 2014, UBS reported the <a title=\"UBS Puerto Rico Fixed Income Funds\" href=\"http:\/\/www.ubsbondfundlosses.com\/ubs-puerto-rico-fixed-income-fund.html\"  target=\"_blank\">UBS Puerto Rico Fixed Income Funds<\/a> and <a title=\"UBS Puerto Rico Investors Tax Free Funds\" href=\"http:\/\/www.ubsbondfundlosses.com\/ubs-puerto-rico-investors-tax-free-fund.html\"  target=\"_blank\">UBS Puerto Rico Investors Tax Free Funds<\/a> have declined on average another 7.15% and 4.16%, over the last 22 days.<\/p>\n<p>According to UBS Financial Services,\u00a0 <a title=\"UBS Municipal Brief\" href=\"http:\/\/www.ubs.com\/us\/en\/wealth\/research\/CIO-WMR-Research-Archives\/_jcr_content\/par\/linklist_2\/link_9.1637723855.file\/bGluay9wYXRoPS9jb250ZW50L2RhbS9XZWFsdGhNYW5hZ2VtZW50QW1lcmljYXMvZG9jdW1lbnRzL211bmljaXBhbC1icmllZi1wdWVydG8tcmljby1jcmVkaXQtbWFya2V0LXVwZGF0ZS0yMDEzLTEyMTIucGRm\/municipal-brief-puerto-rico-credit-market-update-2013-1212.pdf\"  target=\"_blank\">Puerto Rico Municipal Bonds<\/a> are currently under review for a downgrade in credit quality by Moody&#8217;s Rating Agency. \u00a0\u00a0The <a title=\"Moody's Global Credit Research Report\" href=\"https:\/\/www.moodys.com\/research\/Moodys-places-Puerto-Rico-general-obligation-and-related-bonds-on--PR_288376\"  target=\"_blank\">Moody&#8217;s Global Credit Research report<\/a> dated December 11, 2013 stated that approximately $52 Billion in debt financing is affected by the downgrade review. During the review period, Moody&#8217;s reports the downgrade review will focus on the following:<\/p>\n<ul>\n<li>The ability to access the debt market for more public finance;<\/li>\n<\/ul>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/pending-credit-ratings-downgrades-on-puerto-rico-municipal-bonds-weigh-heavily-on-leveraged-ubs-closed-end-bond-funds\/\"  title=\"Continue Reading Pending Credit Ratings Downgrades on Puerto Rico Municipal Bonds Weigh Heavily On Leveraged UBS Closed-End Bond Funds\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UBS Financial Services of Puerto (UBS )recently reported the net asset values (NAV) for their proprietary closed-end funds mat suffer future losses.\u00a0 These funds are a part of the UBS Puerto Rico Family of Funds which are marketed exclusively to Puerto Rico residents.\u00a0 The UBS Puerto Rico Fixed Income Funds and UBS Puerto Rico Investors [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[621,588,599,580,615],"tags":[570,131,290,456,553,558],"class_list":["post-3103","post","type-post","status-publish","format-standard","hentry","category-credit-ratings-downgrades","category-finra-arbitration","category-securities-arbitration","category-stockbroker-misconduct","category-ubs-puerto-rico-bond-funds","tag-credit-ratings-downgrade","tag-finra-arbitration-2","tag-securities-arbitration","tag-stockbroker-misconduct-2","tag-ubs-closed-end-bond-funds","tag-ubs-puerto-rico-bond-funds-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pending Credit Ratings Downgrades on Puerto Rico Municipal Bonds Weigh Heavily On Leveraged UBS Closed-End Bond Funds &#8212; Securities Arbitration Lawyers Blog &#8212; January 14, 2014<\/title>\n<meta name=\"description\" content=\"UBS Financial Services of Puerto (UBS )recently reported the net asset values (NAV) for their proprietary closed-end funds mat suffer future losses.\u00a0 &#8212; January 14, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/pending-credit-ratings-downgrades-on-puerto-rico-municipal-bonds-weigh-heavily-on-leveraged-ubs-closed-end-bond-funds\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Pending Credit Ratings Downgrades on Puerto Rico Municipal Bonds Weigh Heavily On Leveraged UBS Closed-End Bond Funds &#8212; Securities Arbitration Lawyers Blog &#8212; January 14, 2014\" \/>\n<meta name=\"twitter:description\" content=\"UBS Financial Services of Puerto (UBS )recently reported the net asset values (NAV) for their proprietary closed-end funds mat suffer future losses.\u00a0 &#8212; January 14, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pending Credit Ratings Downgrades on Puerto Rico Municipal Bonds Weigh Heavily On Leveraged UBS Closed-End Bond Funds &#8212; Securities Arbitration Lawyers Blog &#8212; January 14, 2014","description":"UBS Financial Services of Puerto (UBS )recently reported the net asset values (NAV) for their proprietary closed-end funds mat suffer future losses.\u00a0 &#8212; January 14, 2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/pending-credit-ratings-downgrades-on-puerto-rico-municipal-bonds-weigh-heavily-on-leveraged-ubs-closed-end-bond-funds\/","twitter_card":"summary_large_image","twitter_title":"Pending Credit Ratings Downgrades on Puerto Rico Municipal Bonds Weigh Heavily On Leveraged UBS Closed-End Bond Funds &#8212; Securities Arbitration Lawyers Blog &#8212; January 14, 2014","twitter_description":"UBS Financial Services of Puerto (UBS )recently reported the net asset values (NAV) for their proprietary closed-end funds mat suffer future losses.\u00a0 &#8212; January 14, 2014","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/pending-credit-ratings-downgrades-on-puerto-rico-municipal-bonds-weigh-heavily-on-leveraged-ubs-closed-end-bond-funds\/","url":"https:\/\/www.silverlaw.com\/blog\/pending-credit-ratings-downgrades-on-puerto-rico-municipal-bonds-weigh-heavily-on-leveraged-ubs-closed-end-bond-funds\/","name":"Pending Credit Ratings Downgrades on Puerto Rico Municipal Bonds Weigh Heavily On Leveraged UBS Closed-End Bond Funds &#8212; Securities Arbitration Lawyers Blog &#8212; January 14, 2014","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"datePublished":"2014-01-14T05:00:00+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"UBS Financial Services of Puerto (UBS )recently reported the net asset values (NAV) for their proprietary closed-end funds mat suffer future losses.\u00a0 &#8212; 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