U.S. Virgin Islands

The U.S. Virgin Islands responded to Fitch Ratings’ withdrawal of the islands’ ratings by saying that the government will directly provide financial information to investors.

The board approved the reallocation of $1 billion for emergency funding to recover from Hurricane Maria.

The devastating storm may delay Puerto Rico's path to economic growth.

S&P Global Ratings said it has lowered its ratings on Virgin Islands Water and Power Authority's (WAPA) senior-lien electric system revenue bonds to CCC-plus from BB-plus.

Hurricane Irma’s financial impact on the U.S. Virgin Islands' government may be greater than that in Puerto Rico.

The region's slipping volume reflected a national trend.

The U.S. Virgin Islands said downgrades of its debt by two rating agencies this week were based on Puerto Rico’s recent history of defaults.

Fitch Ratings said it has downgraded the ratings of the United States Virgin Islands and the USVI Public Finance Authority.

The U.S. Virgin Islands Water and Power Authority borrowed $14.8 million last week at a nearly 11% interest rate and plans to borrow $70 million more through bonds in the next nine weeks.

The U.S. Virgin Islands' proposed budget may be overly optimistic in its revenue and spending assumptions, according to a Fitch Ratings analyst.