U.S. Virgin Islands

The triple-C rated authority is petitioning to increase its rates as a supplier threatens to cut off fuel.

The retirement system has said it may run out of money in 2020 or 2021.

Outstanding government receivables remain a constraining factor to the Virgin Islands Water and Power Authority's credit profile after it refinanced two notes.

The price of the territory's debt has more than doubled this year.

Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.

U.S. Virgin Islands Gov. Kenneth Mapp said the project will lead to an additional $615 million in direct revenues for the government over the next 10 fiscal years.

The government expects more than $600 million in additional revenues over 10 years.

Governor says federal help is an unprecedented opportunity to improve the islands' infrastructure, economy and government revenues.

Eleven states and five cities will also receive a share of the CDBG disaster grants, with the biggest amount of $4.7 billion going to Texas for the damage caused by Hurricane Harvey.

The three islands of the USVI have received more than $1 billion in federal disaster assistance through March 27, according to FEMA spokesman Manuel Broussard.

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.

The Virgin Islands pension system is seeking a court order for the government to pay at least $213 million allegedly owed to the system.

Moody's says the decision is another sign of fiscal stress.

The island's future will depend on external aid, the amount of emigration, and internal reforms, economist Jason Bram found.

The Virgin Islands would create a matching funds rum tax bond to be sold to the U.S. Treasury.

The U.S. Virgin Islands' rebuilding efforts make its Gross Receipts Revenue Bonds more secure, Gov. Kenneth Mapp said.

Bond investors’ concerns about the territory's ability to make payments have grown since Hurricane Maria.

The U.S. Virgin Islands is grappling with a government revenue shortfall in the aftermath of two category 5 hurricanes.

The U.S. Virgin Islands expects to get parts of an $800 million federal loan by mid-November.

The U.S. Virgin Islands government is seeking federal money to cover hurricane-related expenses and revenue shortfalls.