Tag: Fitch Ratings

Fitch Says Possibility of WAPA Oversight Board Keeps Sinking Utility’s Bond Rate

CHARLOTTE AMALIE — Following 34th Legislature’s approval of Bill No. 34-0021, which sought to assign a “turnaround” company to oversee the Virgin Islands Water and Power Authority Board, the Fitch Ratings service on Monday issued a statement that the bond market does not want to upgrade WAPA’s rating because of the possibility of additional oversight. Bill […]