S&P Global Upgrades USVI’s Rating on GARVEE Bonds
U.S. VIRGIN ISLANDS—Governor Albert Bryan Jr. announced Friday that S&P Global Ratings raised the Territory’s outlook from “negative” to “stable” and affirmed its “A” rating on the Virgin Islands Public Finance Authority’s (VIPFA) outstanding grant anticipation revenue (GARVEE bonds) for the U.S. Virgin Islands. “The outlook revision reflects our assessment of the availability of VIPFA’s […]
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