CHRISTIANSTED – Gov. Kenneth Mapp thanked members of the 32nd Legislature of the Virgin Islands for authorizing the territory’s government to enter into a Federal Emergency Management Agency Community Disaster Loan. Senators approved the Government’s borrowing initiative during Friday’s session. “By their affirmative vote, Senators have strengthened the cash liquidity of the Virgin Islands Government at a […]
Tag: Finance Commissioner Valdamier Collens
Fitch Ratings, One of Three Major Credit Rating Firms, Brings Territory Down Three Notches With The Promise It Will Sink Lower … Soon
[ad name=”HTML-68″] NEW YORK — Seeing few options for improvment to the territory’s finances, Fitch Ratings took its credit rating on the Virgin Islands down all the way to triple-C from B. That’s a steep three-notch downgrade, bringing it to a level that indicates significant risk of default. Also, Fitch is maintaining a negative outlook. The problem […]