Moody's Investors Service placed on review the Baa2 rating on the U.S. Virgin Island's gross receipts tax bonds, issued through the Virgin Islands Public Finance Authority.

The action affects approximately $530 million in outstanding debt.

"The placement of the rating on review is prompted by the lack of sufficient current financial and operating information," analysts said in a report.

If the information is not obtained within the next 90 days, Moody's will take appropriate rating action, which could mean withdrawal or a downgrade.

The authority was created in 1988 to promote and sustain economic and social development in the Virgin Islands. 

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