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Puerto Rico on shaky ground with creditors

By Danica Coto
Published July 21, 2014 4:03am ET
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Puerto Rico on shaky ground with creditors
This July 16, 2014, photo, shows an aerial view of people enjoying the beach in San Juan, Puerto Rico. The territory's government has managed its first balanced budget in more than a decade. Sales tax revenues are up and its publicly owned power company has won breathing room to pay its debts. (AP Photo/Ricardo Arduengo) | Ricardo Arduengo

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government has managed its first balanced budget in more than a decade. Sales tax revenues are up and the publicly owned power company has won breathing room to pay its debts.

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Puerto Rico