Tag: Moody’s Investors Service

WAPA Does What The Virgin Islands Government Cannot Do: Borrows Money On The U.S. Bond Market: This Time To The Tune of $14.8 Million

[ad name=”HTML-68″] CHARLOTTE AMALIE — The Virgin Islands Water and Power Authority (WAPA) borrowed $14.8 million last week at a nearly 11 percent interest rate and plans to borrow $70 million more through bonds in the next nine weeks. Saybrook Municipal Opportunity Fund — managed by an investor in distressed and defaulted municipal securities through […]