Santo Domingo.- Economy minister Temístocles Montas yesterday revealed that it’s the Progreso bank which the rating agency Standard & Poor's report that the Dominican Government’s US$130 million debt to the company Sun Land was bought from the foreign investors.

“I understand it was the Progreso bank that bought it. That’s the information I have, but I don’t handle that subject. You should also ask Hacienda minister Vicente Bengoa,” Montas said, refusing to provide further details.

Standard & Poor’s, in a report on Tuesday, revealed that Dominican Republic improved its credit raring, and was excluded from the list of unreliable nations, in which it revealed that the debt’s notes were first bought by foreign investors in February, and then by a Dominican bank, which it didn’t identify,.

The official also said the manner in which the subsidy on propane gas is currently focused, it would reach nearly RD$14 billion by yearend, but in the way it’ll now be made, it will be around 3.6 billion by the end of the year, which he said it’s an important cut.