Puerto Rico Needs `Severe' Budget Cuts: Hitchcock

Puerto Rico Needs `Severe' Budget Cuts: Hitchcock Play

Feb. 5 (Bloomberg) -- David Hitchcock, an analyst at Standard & Poor’s, talks about S&P's decision yesterday to downgrade Puerto Rico's general-obligation bonds to junk. Hitchcock speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "Market Makers." (Source: Bloomberg)

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