U.S. Virgin Islands

The goal is to reduce energy costs and exposure to energy price spikes.

Moody's says the cut is a credit negative for the U.S. Virgin Islands' matching fund bonds.

The pension system has sued WAPA demanding immediate payment of more than $2 million in employee contributions.

Incumbent Gov. Albert Bryan Jr. will face Sen. Kurt Vialet in a gubernatorial general election in November.

Ownership issues seem to be worked out, more or less, but reopening the refinery remains in doubt.

Changing federal policies toward hurricane aid may change these events' credit impacts.

The board also approved a rollover of bond anticipation notes because it doesn't have access to the bond market.

After next fiscal year, the governor expects both revenues and spending to increase.

Analysts agree with Moody's that the island still faces financial risks.

The system is seeking about $7.7 million of past due contributions and loans.